MCQ ON MICHEAL PORTER’S DIAMOND MODEL

Dr. Toran Lal Verma

1. Micheal Porter’s DIAMOND MODEL is related with

  1. International Marketing
  2. International Trade
  3. International financial Reporting
  4. International finance

Ans: 2.International Trade

Explanation:

2. Which of the following factor is not related with Porter’s diamond model

  1. Demand conditions
  2. Related and supporting firms
  3. Firms strategy, structure and rivalry
  4. Factor conditions.

Ans: 2.Related and supporting firms

Explanation: There are four elements highlighted in the diamond: factor conditions, demand conditions, firm strategy, structure, and rivalry, and related and supporting industries.

3. Which theory of international trade argues that ” countries with less resources often develops competitive advantage”

  1. Theory of Absolute Advantage
  2. Theory of competitive Advantage
  3. Porter’s diamond model
  4. Paul krugman’s Theory

Ans: 3.Micheal Porter’s diamond model

4. In Porter’s Diamond model which dimension talks about skill and knowledge upgradation of people working in the firm

  1. Firm strategy, structure and rivalry
  2. factor Conditions
  3. Demand Conditions
  4. Chance Variable

Ans: 2.factor Conditions

5. Find the odd man out

  1. Demand conditions
  2. Government
  3. Related Industries
  4. Factor Conditions

Ans: 2.Government

6. Which theory proposes that to gain competitive advantage in international trade a firm should organise effectively its organisational hierarchy  and minimize interdepartmental conflict

  1. H-O trade theorem
  2. heberlers theory
  3. J.S. Mill’s Terms of Trade
  4. Porter’s Diamond model

Ans: 4.Porter’s Diamond model

7. Micheal Porter proposed The Diamond Model in his book

  1. Competitive Strategy
  2. On Competition
  3. Competitive Advantage of Nations
  4. Cases in Competitive Strategy

Ans: 3.Competitive Advantage of Nations

8. Which variable in Porter’s Diamond model enhances firms ability to  firm to produce cost effective, high quality product

  1. Factor Conditions
  2. Demand Condition
  3. Related and Supporting Industry
  4. Firms strategy, structure and rivalry

Ans:  3.Related and Supporting Industry

MCQ ON INTERNATIONAL BUSINESS

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