According to Michael Porter, What Are Three Effective Competitive Positioning

question 62

Multiple Choice

According to Michael Porter, what are three effective competitive positioning strategies?

• A) middle-of-the-roaders, focus, and overall cost leadership
• B) focus, differentiation, and middle-of-the-roaders
• C) overall cost leadership, differentiation, and middle-of-the-roaders
• D) overall cost leadership, differentiation, and focus
• E) differentiation, market segmentation, and focus

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Definitions:

Opportunity Cost

The neglect of potential gains that could be obtained from a variety of choices when one is prioritized.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to invest in one opportunity over another.

Opportunity Cost

In the process of making a decision, the disadvantage of excluding the immediately better option.

Economics Homework

Assignments given to students to deepen their understanding of economic principles, theories, and models.