Which of the Following Is a Fundamental Competitive Strategy Suggested

question 117

Multiple Choice

Which of the following is a fundamental competitive strategy suggested by Porter?

• A) Growing the diversity of the products and / or service offered
• B) Providing the best customer service
• C) Creating alliance partners
• D) Developing innovative products
• E) Differentiating its products

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Definitions:

Data Mining

The use of a variety of statistical analysis tools to uncover previously unknown patterns in the data stored in databases or relationships among variables.

Research Design

The framework or blueprint for conducting a research project, detailing the methods for collecting, measuring, and analyzing data to answer specific questions.

Objectives

Specific, measurable targets that individuals or organizations aim to achieve within a defined timeframe.

Marketing Research Process

A systematic approach to gathering, analyzing, and interpreting information about a market or potential market.