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In a Short Essay,list and Discuss the Three Competitive Strategies,according

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Essay

In a short essay,list and discuss the three competitive strategies,according to Michael Porter.Include specific examples of companies that pursue each of the three competitive strategies.


Definitions:

Experiment

A research method involving the manipulation of one variable to determine its effect on another variable while controlling for extraneous variables.

Unbiased Coins

A coin for which the probability of landing on heads or tails is exactly equal, with no preference towards either side.

Simple Events

Individual outcomes that are distinct and unambiguous in a probability experiment.

Laboratory Test

Analytical tests and procedures carried out in a controlled environment to investigate the composition or properties of materials.

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