Jennifer Bloom Is Writing a Paper and She Must Determine

question 126

Multiple Choice

Jennifer Bloom is writing a paper and she must determine which of Porter's three generic strategies The Museum Company has implemented.Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers.What would Jennifer determine The Museum Company is using as its generic strategy?

• A)Broad market, low cost.
• B)Narrow market, high cost.
• C)Broad market, high cost.
• D)Narrow market, low cost.

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Definitions:

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization.

Overburdened

Experiencing excessive stress or demands that surpass an individual's or system's capacity to cope effectively.

Celebrated

Widely recognized and praised for a particular achievement, skill, or quality.

Human Capital

The skills, knowledge, and experiences possessed by an individual that can be used to produce economic value.