Porter’s theory suggests that it is in the best interest of business f

QUESTION

Porter’s theory suggests that it is in the best interest of business for a firm to invest in upgrading advanced factors of production.

Indicate whether the statement is true or false.

 

ANSWER

TRUE
Porter’s theory suggests that it is in the best interest of business for a firm to invest in upgrading advanced factors of production; for example, to invest in better training for its employees and to increase its commitment to research and development.

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