According to Michael Porter,_____ and _____ Are the Two Basic

question 49

Multiple Choice

According to Michael Porter,_____ and _____ are the two basic strategies for improving creating value and attaining a competitive advantage in an industry.

• A) differentiation; low-cost
• B) value creation; generalization
• C) one-size-fits-all; zero-sum
• D) comparison; standardization
• E) profitability; strategic fit

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Definitions:

Compounded Quarterly

Refers to the process where interest is added to the principal amount four times a year at regular quarterly intervals.

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.