According to Michael Porter, What Are the Two Basic Strategies

question 13

Multiple Choice

According to Michael Porter, what are the two basic strategies for creating value and attaining a competitive advantage in an industry?

• A) differentiation and low-cost
• B) value creation and generalization
• C) one-size-fits-all and zero-sum
• D) comparison and standardization
• E) profitability and strategic fit

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Definitions:

Parent Management Training

A treatment approach for conduct disorder in which therapists combine family and cognitive-behavioral interventions to improve family functioning and help parents deal with their children more effectively.

Behavior Therapy

A form of psychotherapy that focuses on changing negative behaviors through various techniques, such as conditioning and reinforcement.

Conduct Disorder

A mental health disorder diagnosed in children and adolescents characterized by a persistent pattern of disruptive and violent behaviors.

Juvenile Delinquency

Antisocial or criminal behavior by individuals who are under the age of juvenile court jurisdiction, typically 18 in most countries.