Porter Identified Three Generic Strategies That a Business Could Follow

question 64

Multiple Choice

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Which of the following is not included as one of Porter's three generic strategies?

• A) Broad differentiation
• B) Supplier cost differentiation
• C) Focused strategy
• D) Broad cost leadership

Understand the key forms and reports used in nonprofit governance.

Identify and comprehend the primary duties and responsibilities of nonprofit boards.

Recognize the expected roles and performance outcomes for boards today as per different authors and research findings.

Understand the concept of board-centered leadership and the hierarchical structure in nonprofit organizations.

---

Definitions:

Dynorphins

A class of opioid peptides produced in many parts of the brain, known for their role in modulating pain, emotion, stress, and addiction.

Interleukin-2

A type of cytokine signaling molecule in the immune system, essential for the growth, proliferation, and differentiation of T cells.

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production in mammals after childbirth.

Milk Production

The biological process facilitated by the mammary glands, resulting in the secretion of milk to feed offspring.