What Are the Two Generic Competitive Strategies That Porter Promotes

question 80

Multiple Choice

What are the two generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

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

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Definitions:

Short-Term Memory

A cognitive system that temporarily holds a limited amount of information in an accessible state for use in ongoing tasks.

Coded

Transformed into a systematic form (often numerical or symbolic) to classify and facilitate the analysis of data.

Working Memory

A cognitive system responsible for temporarily holding and processing information relevant to current tasks or activities.

Episodic Buffer

A component of the working memory model that integrates information from different sources into a coherent episode.