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According to Michael Porter, Managers Can Secure a Competitive Advantage

question 38

True/False

According to Michael Porter, managers can secure a competitive advantage for their firms within their industry in three ways: They are by cost leadership, by product differentiation, and by focusing on a particular market niche.


Definitions:

Emotional Intelligence

The skill to comprehend, utilize, and control one's emotions constructively to mitigate stress, communicate successfully, connect empathetically with others, and conquer obstacles.

Practical Intelligence

The ability to solve real-world problems by adapting to, shaping, or selecting environments.

Analytical Intelligence

The skill to assess, critique, evaluate, or distinguish between different pieces of information.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower unobserved variables, called factors.

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