Michael Porter's Generic Business Strategies Are Based on Two Broad

question 17

Multiple Choice

Michael Porter's generic business strategies are based on two broad needs (attributes) and on the size of the market segment.The two broad attributes are:

• A)cost and differentiation
• B)cost and positioning
• C)positioning and product style
• D)segmentation and targeting

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Definitions:

Formal Support Systems

Structured sources of assistance such as services provided by government agencies, NGOs, or social services organizations.

Assessment

The process of evaluating or analyzing information to make judgments, diagnose issues, or inform decisions.

Acceptability

The degree to which a concept, process, or proposal is agreeable or satisfactory to a group of people.

Impact Goals

Objectives focused on achieving significant and measurable effects or outcomes in a specific area.