Broad Differentiation,broad Cost Leadership,and _________ Create the Three Generic Strategies

question 393

Multiple Choice

Broad differentiation,broad cost leadership,and _________ create the Three Generic Strategies identified by Porter.

• A) narrow market leadership
• B) high cost versus low cost
• C) fused strategy
• D) None of these choices

---

Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favourable or superior business position compared to its competitors.

Adaptive and Flexible

The capacity to adjust and modify one’s behavior or operations in response to changing circumstances or environments.

Rigid

Referring to something that is inflexible or strict, with no room for adjustment or deviation.

Static Organizations

Refer to organizations that maintain stable structures, processes, and strategies over time, resisting change and innovation.