According to Porter's Framework Regarding Generic Business Strategy,there Are Two

question 193

Multiple Choice

According to Porter's framework regarding generic business strategy,there are two fundamental alternatives a firm can use to seek a competitive advantage.One of these is to

• A) become the high-cost producer within the markets it competes and using a skimming pricing strategy to recoup these high R&D expenses.
• B) adopt a "me too" strategy to achieve competitive parity.
• C) become the low-cost producer within the markets in which it competes.
• D) state its function in society to differentiate itself from competitors.
• E) differentiate itself from competitors by developing similar marketing programs.

---

Definitions:

Grasshoppers

Insects of the suborder Caelifera within the order Orthoptera, known for their powerful hind legs for jumping.

Uric Acid

A waste product formed from the metabolism of purines, excreted in urine.

Sweating

The process of secreting fluid from the skin's sweat glands, an important means of thermoregulation.

Cool Bodies

Typically refers to objects or organisms that have a temperature lower than the surrounding environment, often implicating mechanisms of heat loss or reduced heat production.