According to Michael Porter's research on the competitive advantage of nations, Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:
A) factor conditions.
B) demand conditions.
C) strategy, structure, and rivalry.
D) related and supporting industries.
E) formation of the European Union.
D
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Answer the following statement(s) true (T) or false (F)
1. In the horizontal analysis of the income statement, each item is generally stated as a percentage of net income. 2. Liquidity ratios compare current assets to current liabilities because it is assumed that current liabilities will be paid out of current assets. 3. Inventory turnover measures the number of times on the average the inventory was sold during the period. 4. Profitability ratios are frequently used as a basis for evaluating management's operating effectiveness. 5. Diversification in American industry enhances the usefulness of financial analysis.
Generally speaking, companies are doing more, not less, to encourage diversity
Indicate whether the statement is true or false