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Explain:
a) Mercantilism
b) Heckscher-Ohlin
c) National Competitive advantage
Step by step
Solved in 2 steps
- Explain using suitable examples Michael Porter's National Competitive Advantage TheoryIn Michael Porter's Diaond Model of National Advantage, this attribute studies which sector a company specializes in a. Firm Strategy, Structure, and RivalryB. Demand ConditionsC. Related and Supporting IndustriesD. Factor ConditionsPorter’s Theory of Competitive Advantage focuses on a nation's global competitiveness in an industry being dependent on innovations (Saylor Academy, n.d). The theory highlights the importance of four specific determinants: factorial, demand, upstream/downstream industries, and domestic competition. The tourism industry may be used to explain growth/development in the Caribbean using Porter’s theory. It suggests that with favorable factors and the improvement of these factors by government interference, competitive advantage can be created. Beautiful beaches and varieties of wildlife are present across the region. This chance of geographical position allowed governments to develop the tourism industry and specialize in ecotourism. Tourism businesses have adopted effective strategies to differentiate their products and increase demand from consumers, achieving growth. This can be attributed to all determinants in Porter’s theory. The views of Porter, Best and Lewis share similarities…
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- In a Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then Both owners of K and owners of A will benefit. Owners of A will benefit. Owners of K will benefit. Neither owners of K nor owners of A will benefit.A local sports fan who cares little about performance in the regular season, and focuses only on championship results would likely measure competitive balance with what?1) Turbines, aerospace products, optical equipment, and measuring instruments, are examples of products that are normally produced and consumed in ____________________ economies. Group of answer choices low income high-income low-to-medium income emerging-market 2) One market segment that is pursued by global marketers around the world is that of the middle-class family. This would be an example of what kind of bases for global market segmentation? Group of answer choices distribution promotion environmental marketing management 3) When efforts are made to localize some of the tactical marketing program elements (e.g. distribution or product sizes) of a global marketing program, this is referred to as ____________________. Group of answer choices mixed marketing concentrated marketing decisions localized pricing glocalization
- QUESTION:- Which of the following best describes duress? a. Illegitimate pressure exerted by one person on another person to coerce them to contract on particular terms b. Strong commercial pressure exerted by one person on another person to coerce them to contract on particular terms c. Actual injury by one person or actual damage by one person to the goods belonging to another person to coerce them to contract on particular terms d. None of the other answers is correctIn a Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then Both owners of K and owners of A will benefit. Owners of A will benefit. Owners of K will benefit. Neither owners of K nor owners of A will benefit. Include diagram*** and explanation attached is graph for referenceA large share of intrafirm trade suggests Group of answer choices 1. There are increasing returns to trade in the industry. 2. The industry produces a highly differentiated, knowledge-intensive product. 3. Offshoring is important in the industry. 4. Strong comparative advantages.