According to Porter, the Competitive Strategy That Reflects the Ability

question 91

Multiple Choice

According to Porter, the competitive strategy that reflects the ability of the corporation or its business unit to design, produce, and market a comparable product more efficiently than its competitors is called

• A)competitive scope.
• B)differentiation.
• C)concentration.
• D)diversification.
• E)lower cost.

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Definitions:

Art Galleries

Venues that display and often sell works of art. Galleries can be public or private and typically showcase a variety of art forms, including paintings, sculpture, and photography.

Travel App

A smartphone application designed to facilitate travel planning, including bookings, itineraries, and recommendations.

Product Development

The complete process of bringing a new product to market, from concept through design, creation, and introduction to consumers.

Rapid Change

Fast and significant alteration or evolution in a particular context, such as technology, society, or industry, often requiring prompt adaptation.