According to Michael Porter's Theory, Which of the Following Factors

question 15

Multiple Choice

According to Michael Porter's theory, which of the following factors influences whether firms achieve competitive advantage?

• A) adopting strategies that will make their current industries more attractive
• B) possessing superior capabilities
• C) bundling together complementary resources
• D) having greater resources compared to competitors

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Definitions:

Starting

The act or process of initiating or beginning something, such as a project, activity, or conversation.

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Private Practices

Independent business ventures where professionals offer their services to clients on a fee-for-service basis, often in healthcare.

First Years

The initial period or early stages of an event, process, or individual's life, often characterized by learning and growth.