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National competitive advantage theory does not include the following element(s): Question 5 options: Demand conditions Productivity...

National competitive advantage theory does not include the following element(s):

Question 5 options:

Demand conditions

Productivity conditions

Related and supporting industries

Firm strategy, structure, and rivalry
business   economics   
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Answer #1

National competitive advantage theory does not include the "Productivity conditions".

National competitive advantage theory developed by Michael Porter  includes  Demand conditions, Related and supporting industries and Firm strategy, structure, and rivalry.

Demand conditions refer to the size and nature of the customer base for products, which also drives innovation and product improvement.

Related and supporting industries refer to upstream and downstream industries that facilitate innovation through exchanging ideas.

Firm strategy, structure, and rivalry refer to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations.

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