Michael Porter Argues That

question 51

Multiple Choice

Michael Porter argues that

• A) those firms that create superior value will achieve superior profitability.
• B) standardization of product is a basic strategy for attaining a competitive advantage in an industry.
• C) it is necessary for a firm to have the lowest cost structure or create the most valuable product.
• D) it is important that the gap between value and the cost of production be smaller than that of competitors.

---

Definitions:

Environmental Exposure

The contact of a person or an organism with substances, conditions, or events in their surroundings that could have an impact on their health.

Noninvasive Electronic

Technologies or devices that do not require insertion into the body to monitor physiological functions.

Peripheral Vascular Disease

A circulation disorder that causes the blood vessels outside of the heart and brain to narrow, block, or spasm.

Atrial Fibrillation

A heart condition characterized by an irregular and often rapid heart rate, leading to poor blood flow.