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Which of the Following Strategies Was Identified by Michael Porter

question 11

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Which of the following strategies was identified by Michael Porter to successfully compete in the marketplace?


Definitions:

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including buildings, artifacts, tools, and artwork.

Nonmaterial Culture

Aspects of culture that encompass values, beliefs, norms, and languages, which are not physically tangible but significantly influence human behavior and societal development.

Mores

Strongly held norms or customs that embody the fundamental moral views of a group or society.

Folkways

Norms for routine or casual interaction that dictate social expectations and behaviors in everyday life.

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