What Are Porter's Three Generic Strategies

question 347

Multiple Choice

What are Porter's three generic strategies?

• A)Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B)Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C)Views a firm as a series of business processes, each of which adds value to the product or service.
• D)Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

---

Definitions:

Reducing Boredom

The process or methods used to alleviate feelings of tedium or uninterest, especially in work or daily activities.

Job Enrichment

The process of making a job more rewarding, engaging, and satisfying by adding responsibilities and opportunities for growth.

Quality

The degree to which a product, service, or process meets specified standards or user expectations, often associated with excellence or superiority.

Products/Services

Goods manufactured or actions provided by a company for sale to consumers.