According to Michael Porter,to Have a Competitive Advantage a Company

question 101

Multiple Choice

According to Michael Porter,to have a competitive advantage a company must ultimately be able to give customers _______________.

• A) the best possible product
• B) the best customer service
• C) superior value for their money
• D) everything they want

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Definitions:

Management Rights

Refer to the prerogatives and powers reserved by the management to operate and control a business, including making decisions on hiring, work assignments, and business operations.

Voting Rights

The entitlement of shareholders or members of an organization to vote on matters affecting the governance of the entity.

Vicarious Liability

The liability or responsibility imposed on a person, a party, or an organization for damages caused by another; most commonly used in relation to employment, with the employer held vicariously liable for the damages caused by its employees.

Litigation Misconduct

refers to inappropriate or unethical behavior by any party involved in the legal process, including attorneys, which can influence the outcome or process of litigation.