Michael Porter Sees the Implementation and Attainment of Strategies as Consisting

question 20

Multiple Choice

Michael Porter sees the implementation and attainment of strategies as consisting of five steps.Which of the following is NOT one of the steps?

• A)Fit
• B)Uniqueness
• C)Operational efficiency
• D)Sustainability

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Definitions:

Average-Total-Cost Curve

A graphical representation showing how the average total cost of production changes as the quantity of output is altered.

GPA

Grade Point Average, a measure of a student's academic achievement at a college or university, calculated as a numerical average of grades.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust to changes.

Long Run

A period of time in which all factors of production and costs are variable, allowing for full adjustment to change.