Which of the Following Is One of the Generic Strategies

question 2

Multiple Choice

 Which of the following is one of the generic strategies through which a manager can create a firm's competitive advantage?

• A) Global strategy
• B) Market-entry strategy
• C) Transnational strategy
• D) Differentiation strategy

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Definitions:

Nondiscriminating Firms

Businesses that offer the same terms, conditions, and prices to all customers without any form of prejudice or favoritism.

Taste-For-Discrimination Model

An economic model that explains how personal preferences and biases of employers, workers, or consumers can lead to discrimination in hiring, wages, and consumer purchases.

Higher Wages

Wages that are above the average or standard level, often resulting from increased demand for labor, higher productivity, or specialized skills.