Porter Contends That ____ and ____ Are Two Important Competitive

question 29

Multiple Choice

Porter contends that ____ and ____ are two important competitive strategies.

• A) Low cost leadership, barrier to entry
• B) New entrant deterrent, differentiation
• C) Low cost leadership, differentiation
• D) Differentiation, monopolistic
• E) Monopolistic simulation, differentiation

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Definitions:

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, to prevent fraud and perjuries.

Oral Modification

An agreement to change the terms of a contract using spoken words rather than written documentation.

Unconscionable

A term describing a contract or practice that is unjust or extremely one-sided in favor of the party who has the superior bargaining power.

Definition

A precise explanation of the meaning of a word or phrase, often distinguishing it from similar concepts.