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Porter's Diamond model suggests that there are four factors which determine national competitive advantage. The four are listed below. Which has the incorrect definition?

Options:

Factor conditions: includes the availability of raw materials and suitable infrastructure.

Firm strategy, structure and rivalry: if the home market is very competitive, a company is more likely to be world class.

Demand conditions: the goods and services have to be demanded internationally.

Related and supporting industries: these allow easy access to components and knowledge sharing.

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Question 2

A Company achieves its competitive advantage by adopting a positioning view to strategy setting.

Which TWO of the technical models below are most suited to this approach?

Options:

Michael Porter's Value Chain.

PESTEL analysis.

Michael Porter's Five Forces model.

Resource Audit.

Question 3

What event occurs between the second and third stages of Gido and Clement's Project Life Cycle?

Options:

An agreement to proceed with the project is made

A request for a proposal is made

Several solutions are proposed

The identification that there is a need a project

A feasibility study is undertaken

Project objectives are identified

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