According to Porter,the Generic Competitive Strategy That Reflects the Ability

question 70

Multiple Choice

According to Porter,the generic competitive strategy that reflects the ability of the corporation or its business unit to design,produce,and market a comparable product more efficiently than its competitors is called

• A) competitive scope.
• B) differentiation.
• C) cost leadership.
• D) diversification.
• E) focus.

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Definitions:

Stable Political Conditions

A situation where a country's political system and government policies are predictable, providing a conducive environment for economic growth and social welfare.

Semiperipheral Capitalist Country

A term from world-systems theory describing countries that are intermediate, neither fully core nor fully peripheral, often involved in manufacturing and export but lacking the dominance of core nations.

Guatemala

A country in Central America characterized by its rich Mayan heritage, volcanic landscapes, and diverse ecosystems.

Modernization Theory

A theory suggesting that economic development and cultural change lead to shifts from traditional to modern societies with corresponding changes in social structures.