Michael Porter Has Consistently Advocated That Firms That Are Able

question 78

Multiple Choice

Michael Porter has consistently advocated that firms that are able to compete based on some extraordinary efficiency in one or more internal processes bring to the market a competitive advantage based on _________________.

• A)Price perception
• B)Cost leadership
• C)Value ratio
• D)Service
• E)Quality

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Definitions:

Bar Chart

A visual representation of data where each category is represented by a bar, whose length reflects the category's value.

Illustrating Data

The process of visually presenting data, often through charts, graphs, or diagrams, to help explain or understand patterns and relationships.

Pie Chart

A circular statistic graphic, which is divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the total.

Line Graph

A type of chart used to display information as a series of data points connected by straight line segments, often to show trends over time.