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

Understand the implications of business form selection on liability and tax obligations.

Learn the constraints and flexibilities of franchise agreements, including territorial rights and obligations.

Grasp the role of intellectual property law in franchising.

Understand the factors influencing the choice of business organization form by entrepreneurs.

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Definitions:

Part-Time Workers

Employees who work fewer hours than a full-time schedule, typically by choice or due to the nature of the job, often resulting in reduced benefits and pay.

Voluntary Part-Timers

Individuals who choose to work part-time hours instead of a full-time schedule for personal reasons, such as flexibility or personal fulfillment.

Involuntary Part-Timers

Workers who are employed less than full-time due to economic reasons, such as a scarcity of full-time positions, rather than by personal choice.

Superordinates

Superordinates are individuals or groups in a higher position of authority or rank in a social hierarchy or structure.