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Competing in a global trade environment - Coggle Diagram
Competing in a global trade environment
Absolute comparative advantage
Buy from country the supplies at a cheaper price
Part of product will be added produced in home country
Relative comparative advantage
a country specialises in production of one product
Specialise in production in which it is more efficient
Diamond model
Structure of firms and rivalry
factor conditions
related and supporting industries
demand conditions
Competition among business organisations
Suppliers
Bargaining power
Potential entrants
Threat of new entrants
Substitutes
Threat of substitutes
Buyers
Bargaining power
Industry competitors
Rivalry