Porter's Four Generic Business Strategies Are __________, Cost Focus, Differentiation

question 166

Multiple Choice

Porter's four generic business strategies are __________, cost focus, differentiation focus, and cost leadership.

• A)exclusivity
• B)quality focus
• C)differentiation
• D)geographic span
• E)service leadership

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Definitions:

Slavery

An arrangement where persons are held by others, stripped of their individual freedom, and obligated to engage in labor or services.

Aspirations

Aspirations refer to strong desires, longings, or ambitions for achieving something, often implying a strategic plan or a set goal in one's personal or professional life.

Executive Branch

The division of government responsible for implementing and enforcing laws, headed by the president or prime minister.

Legislative Branch

A part of a government responsible for making laws, often comprising a parliament or congress, divided into two houses in some countries.