In class, we considered various factors relevant to porter's model of national competitive advantage. we considered the situation in japan, which has responded to a lack of raw materials with miniaturizations, just-in-time inventory delivery, and zero-defect manufacturing. which of porter's factor does this demonstrate?

Factor Conditions

Explanation:

Factor Conditions -

This is the condition , which refers to the availability of human resources , the capital and the natural resources , are the factor condition .

The example for Natural resource , is Saudi Arabia , being extremely rich in oil , and is the largest exported of oil to various countries .

Human resources , refers to availability of knowledge and skilled labor .

According to porter , these factors need to be upgraded from time to time , to deal with the competition of the growing world .

answer; the correct answer to the above statement is (true);