Question

Porter, in his diamond model, suggested that there is a strong association between _____ and the creation and persistence of competitive advantage in an industry.

Answer 1

Answer:

Vigorous Domestic rivalry

Explanation:

Porter's diamond model is a model that was developed by Michael Porter. The model is one that attempts to explain the economic success of a nation's industry compared to another nation's.

He postulates that the competitive advantage of a nation's industry is hinged on 4 determining factors. These factors include; factor conditions, demand conditions, related and supporting industries, firm strategy, structure and rivalry.

Cheers.