Porter Identified Three Generic Strategies That a Business Could Follow

question 64

Multiple Choice

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Which of the following is not included as one of Porter's three generic strategies?

• A) Broad differentiation
• B) Supplier cost differentiation
• C) Focused strategy
• D) Broad cost leadership

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Definitions:

Antagonist

A substance that acts against and blocks an action, often referring to a drug that binds to a receptor in a cell and prevents a response in the presence of an agonist.

Synaptic Gap

The tiny space between neurons where neurotransmitters are released, allowing communication between cells.

Diffusion

The process by which molecules move from an area of higher concentration to an area of lower concentration until equilibrium is reached.

Synaptic Vesicles

Membrane-bound structures within presynaptic neurons that contain neurotransmitters, which are released into the synaptic gap in response to a neuron's action potential.