What Are Porter's Three Generic Strategies

question 315

Multiple Choice

What are Porter's three generic strategies?

• A)evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B)analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C)views a firm as a series of business processes, each of which adds value to the product or service
• D)generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

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Definitions:

Chemicals

Substances composed of atoms or molecules, used in or produced by chemical processes.

Synapses

The junctions through which neurons communicate with other neurons, muscle cells, or glands, using chemical or electrical signals.

Parkinson's Disease

A progressive neurological disorder characterized by tremors, stiffness, and slow movement, caused by the degeneration of dopamine-producing neurons.

Synapses

The junctions between neurons where electrical or chemical signals are transmitted.