Porter's Four Generic Business Strategies Are __________, Cost Focus, Differentiation

question 166

Multiple Choice

Porter's four generic business strategies are __________, cost focus, differentiation focus, and cost leadership.

• A)exclusivity
• B)quality focus
• C)differentiation
• D)geographic span
• E)service leadership

---

Definitions:

Expedia

An online travel agency that provides bookings for flights, hotels, car rentals, and vacation packages.

Disintermediation

The removal of intermediaries in a supply chain, allowing direct transactions between producers and consumers.

Channel Intermediaries

Organizations or individuals that act as middlemen in the distribution process, helping to move products from the producer to the final consumer.

Over-the-counter Products

Medications or goods that can be purchased without a prescription, directly from a retailer.