Porsche, Which Produces Only High-Performance Sports Cars and SUVs, Uses

question 146

Multiple Choice

Porsche, which produces only high-performance sports cars and SUVs, uses what type of strategy to gain competitive advantage?

• A)differentiation strategy
• B)niche strategy
• C)cost leadership strategy
• D)altering the industry structure strategy

Evaluate the financial risks associated with short-term versus long-term borrowing.

Understand the concepts of policy lags and their types (decision-making lag, implementation lag, effectiveness lag, and recognition lag) in macroeconomic policy.

Distinguish between active and passive policy approaches and their implications on the economy.

Realize the impact of macroeconomic policies (fiscal and monetary) on aggregate demand and aggregate supply.

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Definitions:

Crowdsourcing

A technique of acquiring knowledge, thoughts, or content by appealing for contributions from an extensive group of individuals, often through the internet community.

Medical Information

Data related to a person's health or medical condition, treatment, and history, often used for clinical decision-making.

Pharmaceuticals

Refers to medicinal drugs manufactured for sale and use in healthcare.

Crowdfunding

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically through the Internet.