According to Porter,the Three Competitive Positions That Businesses Pursue to Gain

question 81

Multiple Choice

According to Porter,the three competitive positions that businesses pursue to gain and maintain competitive advantage in product-markets are:

• A)maintaining a secure position in a relatively stable product,offering a limited range of products,and protecting its domain by offering lower prices.
• B)prospector strategy,analyzer strategy,and defender strategy.
• C)low investment on advertising,price competitiveness,and high investment on product quality.
• D)overall cost leadership,differentiation,and focus.

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Definitions:

Simple Organization Design

An organizational structure characterized by low complexity, few hierarchical levels, and wide spans of control.

Dominant Technologies

The leading technologies in a particular field or industry that have widespread adoption and set the standard for operations and products.

Information Technology

Information technology is the combination of machines, artifacts, procedures, and systems used to gather, store, analyze, and disseminate information for translating it into knowledge.

Simplicity

The quality or condition of being easy to understand or do, often sought in design, communication, and processes to improve usability and comprehension.