According to Porter, the Way to Create Superior Value Is

question 32

True/False

According to Porter, the way to create superior value is to drive down the cost structure of the business and/or differentiate the product in some way so that consumers value it more.

---

Definitions:

Floating Rate

An interest rate that changes over time with the market or along with another interest rate index.

Interest

The expense incurred from borrowing funds or the income earned by lending funds, typically represented as a percentage of the principal amount.

Declined

Refers to a decrease in quantity, quality, or importance of something.

Equivalent

Equal in value, function, or meaning.