Porter Identified Three Generic Strategies That a Business Could Follow

question 245

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:

Communitarian

A philosophical and social movement that emphasizes the importance of community in the functioning of political life, often prioritizing communal goals over individual ones.

Populist

A political approach aiming to represent the interests of ordinary people, often characterized by anti-establishment sentiments.

Political Tolerance

The willingness of individuals or societies to accept and support the rights of others to express and pursue differing opinions and lifestyles.

Minority Groups

Communities or populations that differ from the majority population in terms of racial, ethnic, religious, or linguistic characteristics, often facing social, economic, or political disadvantages.