Question

Japan's domestic customers in the camera industry generated a high home demand, which has helped stimulate the innovation of cameras for the local and global market. In this case, _____ affected Japan's competitive advantage in the industry.

Answer 1

Answer:

Local demand conditions.

Explanation:

Michael Porter developed the diamond model, which is a framework that identifies the factors that help some organizations in a given country to be internationally competitive because they are so innovative.

For Porter companies that have international competitive advantages have a set of localization advantages, which include:

1. Strategy,
2. Structure and Company Rivalry advantages;
3. Factorial conditions;
4. Demand conditions; and
5. Industries.