Which Porter Strategy Deals with Competing in an Industry on the Basis

question 38

Multiple Choice

Which Porter strategy deals with competing in an industry on the basis of products to the consumer?

• A)Value added
• B)Low cost producer
• C)Product differentiation
• D)Product Focus

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Definitions:

Ledger

A book or collection of financial accounts where all transaction records are summarized and recorded.

Journal

A book or digital record where all financial transactions are initially recorded in chronological order before being posted to accounts in the ledger.

Debit

A bookkeeping record that leads to either a rise in assets or a fall in liabilities in a firm's balance sheet.

Note Payable

An official pledge in writing to return a specified sum of cash, often with added interest, on a set future date.