General Flashcards
1
Q
What are Factor Conditions? (Porters Diamond)
A
BASIC FACTORS
2
Q
What is Porters Diamond, and what does it include?
A
An explanation of why some nations are more competitive in certain industries.
1) Related and Supporting Industries (Promixity to Suppliers)
2) Factor Conditions (Resources, Labour, Climate)
3) Firm Strategy, Structure and Rivalry
4) Demand Conditions
