Michael E Porter Cautions Against a Strategy Based on Price Competition

question 41

Multiple Choice

Michael E. Porter cautions against a strategy based on price competition. Instead, Porter recommends competing on quality, features, and ________.

• A) cost
• B) brand
• C) profit
• D) service
• E) value

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Definitions:

Linear Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear, or evenly spread, manner.

Depreciates

To decrease in value over time, typically used in reference to assets or property.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.

Parallel

Describes lines, planes, or surfaces that are always the same distance apart and never intersect.