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:

Audit

An official inspection of an individual's or organization's accounts, typically by an independent body.

Least Squares

A mathematical procedure for finding the best-fitting curve to a given set of points by minimizing the sum of the squares of the offsets (the vertical distances) from the points to the curve.

Traffic Accidents

Traffic accidents are unexpected events involving vehicles on the road, leading to damage, injuries, or fatalities, often caused by risky driving behaviors, environmental conditions, or mechanical failures.

Independent

A variable or condition that is manipulated or classified in an experiment to investigate its effect on the dependent variable without being influenced by other variables.