Question

Kyra works for a costume jewelry manufacturer and while their products are lower in cost, there is a high degree of consumer pressure to create the best quality jewelry possible and to constantly innovate with new jewelry designs. Which aspect of Porter’s Diamond does this demonstrate?

Answer 1

Answer:

Demand conditions

Explanation:

Porter's model or porter's diamond theory helps to explain the factors that affect companies to compete in the market. It also explains the competitive advantage of companies. Demand condition is a concept which shows the effect of consumer’s demand on the overall performance of a company. Firms and organisations which are driven by demand conditions are likely to be more efficient and productive.