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:

Democratic Politics

A political system in which power is practiced directly by the people or through elected representatives, characterized by free and fair elections, rule of law, and protection of rights.

Market Economy

An economy in which the production and distribution of goods and services are determined by supply and demand, rather than state intervention.

Communist Party

A political organization advocating for the principles of communism, where property and resources are collectively owned.

Consumer Prices

The prices that consumers pay for goods and services, which reflect the cost of living in an economy.