According to Porter, to Achieve a Cost Advantage by Following

question 4

Multiple Choice

According to Porter, to achieve a cost advantage by following the functional strategy of technological followership a business unit should

• A) pioneer the lowest-cost product design.
• B) innovate in other activities to increase buyer value.
• C) imitate the products pioneered by others.
• D) create low-cost ways of performing value activities.
• E) be the first firm down the learning curve.

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Definitions:

Competitive Elections

Electoral processes where more than one candidate or political party has a realistic chance of winning, allowing for active participation and choice by the electorate.

Political Sociologists

study the relationship between society and politics, analyzing how social structures, institutions, and cultural norms influence political behavior and governance.

Weber's Types

Max Weber's classification systems in sociology, such as his types of authority: traditional, charismatic, and legal-rational.

Authority

The power or right to make decisions, judge, or enforce obedience within a particular area of expertise or jurisdiction.