What Are the Three Generic Competitive Strategies That Porter Promotes

question 68

Multiple Choice

What are the three generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

• A) competitive scope, differentiation, and focus
• B) diversification, concentration, and competitive scope
• C) cost, competitive scope, and focus
• D) concentration, cost leadership, and differentiation
• E) cost leadership, differentiation, and focus

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Definitions:

Moving Product

The process of transferring goods from the point of production to locations where they can be distributed to consumers.

Distribution

The process of making a product or service available for the consumer or business user that needs it, through various channels.

Financing

The process of providing funds for business activities, making purchases, or investing, including loans, equity investments, and other forms of financial support.

Grading

The process of categorizing products based on quality, size, or other characteristics to meet specified standards.