Michael Porter Sees a Business as Having Two Options When

question 30

Multiple Choice

Michael Porter sees a business as having two options when deciding on a strategy.These two options are:

• A)Economies of scale and entry barrier
• B)Economies of scope and differentiation
• C)Price competition and product abundance
• D)Differentiation and cost leadership

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Definitions:

Supergroup

In biology, a large grouping of diverse organisms sharing common evolutionary traits, above the level of kingdom in the taxonomic hierarchy.

Rhizarians

A group of mostly unicellular eukaryotic organisms, characterized by their amoeba-like cell structure, often possessing elaborate shell-like coverings.

Representative Clade

A group of organisms that includes an ancestor and all its descendants, representing a single branch on the tree of life.

Supergroup

In biological classification, a grouping that is higher than a kingdom, incorporating a vast array of life forms based on genetic similarities and evolutionary relationships.