The Authors Discussed Michael Porter's Three Strategies to Beating the Competition

question 119

Multiple Choice

The authors discussed Michael Porter's three strategies to beating the competition in any industry. Which of the following is not one of those three approaches?

• A) Customer loyalty
• B) Overall cost leadership
• C) Focus
• D) Differentiation

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Definitions:

Extinction of Avoidance

The process through which an avoidance behavior is reduced or eliminated, typically by removing the negative reinforcement that maintained the behavior.

Extinction Trials

A process in classical conditioning where a conditioned stimulus is presented without the unconditioned stimulus, leading to a reduction in the conditioned response over time.

Aversive Stimulus

A stimulus that is unpleasant or noxious and that an organism seeks to avoid or escape.

Low-Probability Behavior

A behavior that is unlikely to be performed often, usually due to a lack of reinforcement or inherent appeal.