Porter's Three Generic Choices Address How a Firm Is to Make

question 42

Multiple Choice

Porter's three generic choices address how a firm is to make strategic choices in order to:

• A)​Become an incumbent firm with excess capacity.
• B)​Allow buyers to enhance their bargaining power.
• C) ​Strengthen the focal firm's position relative to the five competitive forces.
• D) ​Establish structures that increase the costs of entry and reduce the scale of production.

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Definitions:

Linguistic Ability

The capacity to use language effectively for communication, which includes the abilities to speak, write, listen, and read.

Grooming Customs

Traditional or customary practices related to personal hygiene and appearance maintenance followed by individuals or cultures.

Courtship Customs

Social behaviors and practices observed in the process of seeking a partner for romance or marriage.

Numerical Order

A method or system of arranging or understanding numbers in a sequence based on their value.