The Three Generic Strategies That Michael Porter Believes a Firm

question 135

True/False

The three generic strategies that Michael Porter believes a firm can use to overcome the five forces and achieve competitive advantage include overall price leadership.

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Definitions:

Articulate

In anatomy, to articulate is to form a joint where two bones are attached in a manner that allows movement.

Transverse Processes

Lateral bony projections from the vertebrae in the spine, to which muscle and ligaments attach, helping in movement and stability.

Thoracic Cage

The bony and cartilaginous structure forming the skeleton of the chest, including ribs, sternum, and thoracic vertebrae, protecting vital organs.

Ribs

A series of curved bones that form the protective cage around the chest, supporting the upper body and protecting vital organs.