Explain Porter's Strategy for Firms Attempting to Gain a Competitive

question 52

Essay

Explain Porter's strategy for firms attempting to gain a competitive advantage.

---

Definitions:

Steeper Slopes

Areas of land where the gradient is more inclined relative to the horizontal plane, increasing the rate of runoff.

Urbanization

Urbanization is the process by which towns and cities are formed and become larger as more people begin living and working in central areas.

Stream Discharge

A term indicating the quantity of water flowing in a stream or river at any given location and time, expressed typically in volume per time unit.

Hydrograph

An illustration depicting the relationship between flow rate and time at a defined spot in a river or another type of conduit that transports flow.