One of Porter's Generic Business Strategies That Requires a Product

question 112

Multiple Choice

One of Porter's generic business strategies that requires a product to have significant points of difference to charge a higher price while targeting a broad array of market segments is referred to as a

• A)differentiation focus strategy.
• B)cost focus strategy.
• C)cost leadership strategy.
• D)differentiation strategy.
• E)supply focus strategy.

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Definitions:

Feature Detectors

Neurons in the sensory cortex that fire in response to specific features of sensory information such as lines or edges of objects.

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Iris

A muscular membrane whose dilation regulates the amount of light that enters the eye.

Color Blind

The inability to perceive differences between some or all colors that others can distinguish.