According to Porter, Strategy Is Fundamentally About Being _____

question 51

Multiple Choice

According to Porter, strategy is fundamentally about being _____.

• A) different
• B) efficient
• C) superior
• D) scalable
• E) profitable

---

Definitions:

Efficient Outcome

A situation in which resources are allocated in the most effective way possible, often achieved through market equilibrium where supply equals demand.

Government Intervention

Actions by a government to influence or directly manage an economy or specific sectors, aiming to correct market failures, stimulate economic growth, or achieve social objectives.

Externality Problems

Situations in economics where the actions of individuals or businesses have effects, either positive or negative, on unrelated third parties that are not reflected in the cost or benefit of the actions.

Social Welfare

A holistic measure of the well-being and quality of life of individuals and groups within a society.