According to Porter, Strategies Allow Organizations to Gain Competitive Advantage

question 98

True/False

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

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Definitions:

Trade Agreement

A treaty between two or more countries to outline how they will work together to ensure mutual benefit in trade, often involving tariff reductions, import quotas, and other trade incentives.

Currency Fluctuations

Variations in the exchange rate of one currency against another, influencing international trade and economic conditions.

Marketing Opportunities

Situations where new products, services, or practices can potentially meet unfulfilled customer needs or market demand.

Appreciating

The process of recognizing the full worth of something or increasing in value over time.