According to Porter's Generic Business Strategy Framework,there Are Two Fundamental

question 121

Multiple Choice

According to Porter's generic business strategy framework,there are two fundamental alternatives a firm can use to seek a competitive advantage.One of these is to

• A)become the high-cost producer within the markets in which it competes.
• B)adopt a "me too" strategy to achieve competitive parity.
• C)become the low-cost producer within the markets in which it competes.
• D)state its function in society to differentiate itself from competitors.
• E)differentiate itself from competitors by developing similar marketing programs.

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Definitions:

Bootstrap Program

A small initial program that starts a larger system or program, like the boot sequence of an operating system.

RAM

Stands for Random Access Memory, a type of computer memory that can be accessed randomly at any time, used by computers to store the working data and machine code currently being used.

Vital Security Protections

Essential security measures and protocols put in place to safeguard systems, data, and networks from threats and unauthorized access.

Buffer

A temporary storage area, often in memory, used to hold data while it is being transferred from one place to another, improving efficiency.