According to Porter's Model of Competitive Strategy, Which of the Following

question 30

Multiple Choice

According to Porter's model of competitive strategy, which of the following is a generic strategy? 1. Differentiation. 2. Competitive advantage. 3. Focused differentiation. 4. Cost focus.

• A) 2 only
• B) 3 and 4 only
• C) 1, 3, and 4 only
• D) 1, 2, 3, and 4

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Definitions:

Participant Observation

A method used in social sciences where researchers immerse themselves in a community or situation to observe and participate in its activities, gaining an insider's perspective.

Random Assignment

A technique used in experiments to ensure that each participant has an equal chance of being placed in any group.

Descriptive Statistics

Statistics that summarize, organize, and simplify data to describe its main features without drawing conclusions beyond the data itself.

Sampling

The process of selecting a subset of individuals, objects, or observations from a larger population to make inferences about the whole.