Porter Suggests That an Organization Is Wise to Adopt One

question 124

Short Answer

Porter suggests that an organization is wise to adopt one of the three generic strategies: (1) broad cost leadership, (2) broad differentiation, or (3) ______________.

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Definitions:

Income Inequality

Refers to the uneven distribution of income and wealth across the population, leading to disparities between individuals or groups.

Income Taxes

Taxes levied by governments on the income earned by individuals and entities, typically progressive in nature, meaning the rate increases with the income level.

Education and Training

The process of acquiring knowledge, skills, and competencies through teaching, study, or experience.