According to Porter's Competitive Strategies Framework, an Organisation That Sets

question 101

Multiple Choice

According to Porter's competitive strategies framework, an organisation that sets out to be the low-cost producer in its industry is following what type of strategy?

• A)cost defender
• B)cost follower
• C)cost leadership
• D)cost fighter
• E)cost cutting

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Definitions:

Common Framework

A standardized structure or set of guidelines used to organize and implement processes or systems.

Global Strategy

A comprehensive plan developed by a business to compete and succeed in international markets.

Working Conditions

The environment in which an employee works, including aspects such as safety, ergonomics, hours, and the physical setting.

Skill Requirements

The specific abilities, knowledge, and experience needed to perform a job successfully.