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18 July, 15:26

Meadow Range Pvt. Ltd. is a firm based in France that has one of the finest wine breweries in the country. Due to the availability of many grape varieties and suitable climatic conditions for growing grapes in France, Meadow Range has an advantage when competing in the international market. According to the diamond model, Meadow Range benefits from:

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  1. 18 July, 15:40
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    C) factor conditions.

    Explanation:

    Michael Porter developed his Diamond Model to try to explain why some industries within certain countries possess competitive advantages over similar industries on other countries.

    In this case, the climate conditions and the land of the French countryside favor the production of fine wines. This is an example of factor conditions that cannot be copied by other wine producers in other nations.
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