Briefly Discuss Porter's Three Competitive Strategies

question 22

Essay

Briefly discuss Porter's three competitive strategies.

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Definitions:

Bonus

Extra payment made to employees as an incentive or reward above their regular salary.

Bonus

An additional compensation awarded to employees as a reward for their performance beyond their usual salary.

Stock Outs

Occurs when an inventory item is not available in stock, leading to potential lost sales.

Office Supplies

Various products and equipment regularly used in offices, such as paper, pens, computers, and desks.