What Are Porter's Three Generic Strategies

question 85

Multiple Choice

What are Porter's three generic strategies?

• A) Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B) Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C) View of a firm as a series of business processes, each of which adds value to the product or service
• D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service