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
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
Solution
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.