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:

Fiscal Policy

Government policy relating to taxation, government spending, and borrowing, aimed at influencing a country's economy.

Monetary Policy

A strategy employed by a nation's central bank to control the money supply, often targeting inflation or interest rates to ensure economic stability.

Economic Policy

The actions taken by a government to influence its economy, including fiscal policy (taxing and spending practices) and monetary policy (control of the money supply and interest rates).

Progressive Taxes

A tax system in which the rate of taxation increases as the taxable amount increases, thereby placing a higher financial burden on individuals or entities with higher incomes.