According to Michael Porter in His Book,Competitive Advantage,a Key Concept

question 79

Multiple Choice

According to Michael Porter in his book,Competitive Advantage,a key concept used in analyzing the competitive position of a firm is creating value for

• A) buyers that exceeds the costs of production (i.e., margin).
• B) suppliers that exceeds the costs of production (i.e., margin).
• C) government that exceeds the costs of production (i.e., margin).
• D) employees that exceeds the costs of production (i.e., margin).

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Definitions:

Hashish

A drug made from the resin of the cannabis plant, known for its psychoactive effects.

Mescaline

A hallucinogenic compound derived from certain cacti, used traditionally in Native American spiritual practices and modern psychopharmacology.

Risk of Dependence

The potential likelihood that a person will become physically or psychologically reliant on a substance or activity, characterized by a compulsive use despite harmful consequences.

Marijuana

A mind-altering substance derived from the Cannabis plant, utilized for therapeutic or leisure activities.