Questions: Lessley Torres, which are the two other variables that Porter focuses on? Supply and demand conditions Government and chance Basic factors and advanced factors

Lessley Torres, which are the two other variables that Porter focuses on?

Supply and demand conditions

Government and chance Basic factors and advanced factors
Transcript text: Lessley Torres, which are the two other variables that Porter focuses on? Supply and demand conditions Government and chance Basic factors and advanced factors
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Solution

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Solution Steps

Step 1: Identify the question being asked

The question asks about the two other variables besides the four points of Porter's Diamond that Porter focuses on.

Step 2: Analyze the multiple-choice options

The multiple-choice options are:

  • Supply and demand conditions
  • Government and chance
  • Basic factors and advanced factors
Step 3: Recall Porter's Diamond model

Porter's Diamond model focuses on six factors. Four of these factors are represented by the points of the diamond: Firm Strategy, Structure, and Rivalry; Demand Conditions; Related and Supporting Industries; and Factor Endowments/Conditions. The two other factors are government and chance.

Final Answer: Government and chance

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