Michael Porter's Competitive Strategies Framework Identifies Three Generic Competitive Strategies

question 18

Multiple Choice

Michael Porter's competitive strategies framework identifies three generic competitive strategies: cost leadership, differentiation and ________.

• A)depth
• B)breadth
• C)revenue growth
• D)focus
• E)acquisition

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Definitions:

Lactate Concentration

The level of lactate, a metabolic byproduct of anaerobic respiration, present in the blood or muscles, often measured during physical exertion.

Tension

A physical force applied to something that tends to stretch it, often leading to stress or strain on the material.

Mitochondria

Organelles within cells that generate most of the cell's supply of adenosine triphosphate (ATP), used as a source of chemical energy, and involved in other processes such as signaling and cellular differentiation.

Sedentary

Describes a lifestyle with little to no physical activity, often associated with negative health outcomes.