All of the Following Are Included in Porter's Generic Competitive

question 144

Multiple Choice

All of the following are included in Porter's generic competitive strategies except

• A) cost leadership.
• B) market domination.
• C) differentiation.
• D) cost focus.
• E) focused differentiation.

---

Definitions:

Price Ceilings

Government-imposed limits on how high a price can be charged for a product or service.

Equilibrium Price

The price at which the quantity of a good demanded by consumers matches the quantity supplied by producers, resulting in market stability.

Price Ceiling

A legal maximum price set by a government on certain goods and services, above which they cannot be sold.

Supply and Demand

A fundamental economic model that describes how prices and quantities of goods and services are determined in a market.