Question

The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of answer choices political and economic institutions. related and supporting industries. factors of production. demand conditions.

Answer 1

Answer:

In this instance,the correct answer is the first option in the answer choices given or political and economic institutions.

Explanation:

Porter's model of international competitive advantage thoroughly explains the factors or attributes that contribute to the competitive advantage of any country in the international market of various goods and services which can eventually strengthen the economic position of the country in the global commercial environment.This will subsequently generate economic benefits to any country in various trade and commercial activities in the international market.Now,as proposed by Porter,some of the forces or attributes that can ensure and strengthen a sustainable competitive advantage of any country in the global market include related or supporting industries,which can be used to provide productive resources and factors/inputs of production to facilitate the production of any good and service,factors of production,which refers to the efficient and productive utilization of the factors/inputs of production in the production process by domestic firms or companies,demand conditions,which indicate the overall scenario of consumer or commercial demand for goods and services in the country based on which domestic firms or companies can adjust or modify their respective production level that can potentially determine the overall production of goods and services in the country.However,Porter does not specify the role of major economic and political institutions in promoting or ascertaining international competitive advantage of any country.