The theory of , developed by Michael Porter, focuses on the importance of country factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.

The theory of national comparative advantage

Explanation:

The theory of National comparative advantage developed by Micheal porter,  emphasizes on the importance of country's factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.

It focuses on key concepts such as Firm Strategy, Structure and Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting Industries.

Micheal porter opined  that any company’s ability to compete in the international arena is based mainly on these interrelated set of location advantages that certain industries in different nations posses.  

National competitive advantage

Explanation:

The national competitive advantage is a model that explains why some industry in a particular country cannot see the king of England. It states that the features of home country are crucial for the success of an organization in the international markets. It is also known as Diamond theory. The competitive advantage theory indicates that states and businesses should pursue policies that create high-quality goods to sell at high prices in the market.

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.