One of Michael Porter's Three Approaches or Strategies to Beating

question 70

True/False

One of Michael Porter's three approaches or strategies to beating the competition in any industry is mass marketing.

---

Definitions:

Convertible Debt

A type of financing option that allows the holder to convert the outstanding debt into equity, typically shares of the issuing company, under specified conditions.

Venture Capitalist

A professional investor who provides capital to companies exhibiting high growth potential in exchange for equity or an ownership stake.

Equity

The value of an ownership interest in property, including shareholders' equity in a company, which represents the residual value to shareholders after debts and liabilities have been settled.

Angel Investors

Wealthy individuals who provide capital for start-ups or entrepreneurs, often in exchange for ownership equity.