Which of the following statements reflects Michael Porter's theory regarding national competitive advantage?
A)Clusters of strong suppliers can interfere with entry into a global market.
B)A firm that succeeds in global markets often has first succeeded in its domestic market.
C)A country's natural resources,education,and infrastructure often pose obstacles that cannot be overcome.
D)The first goal of a global marketer is to actively educate a nation's domestic customers.
E)A nation's domestic workforce is more motivated to work for foreign corporations than its own.

Question

Quizplus · Accepted Answer

Michael Porter's theory of competitive advantage suggests that a company that succeeds in its domestic market is likely to succeed in global markets. This is because the company has already developed competitive advantages such as brand recognition, distribution channels, and product differentiation in its domestic market.

Which of the Following Statements Reflects Michael Porter's Theory Regarding