According to Michael Porter, to Have a Competitive Advantage, a Company

question 105

Multiple Choice

According to Michael Porter, to have a competitive advantage, a company must ultimately be able to give customers _______________.

• A) the best possible product
• B) the best possible service
• C) the best possible price
• D) superior value for their money
• E) everything they want

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.