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:

Factoring

The practice of raising funds for a business through the sale of accounts receivable.

Finance Company

A business that provides loans to individuals or other companies, typically specializing in sectors like consumer finance, vehicle financing, or business loans.

SBA Express Program

A loan program offered by the U.S. Small Business Administration (SBA) that provides quicker financing solutions to small businesses with simplified paperwork.

Policy Loans

A loan made to a business by an insurance company, using the business’s insurance policy as collateral.