Which of the Following Statements Is True According to the Model

question 54

Multiple Choice

Which of the following statements is true according to the model developed by Michael Porter for formulating organizational strategy?

• A)Firms should first analyze their industry and then develop a cost leadership strategy or a strategy based on differentiation.
• B)Firms should first analyze their market and then develop a strategy based on association.
• C)Firms should develop alternative portfolio models to incorporate information about market opportunities and competitive positions.
• D)Firms must continually strive to be the cost follower in the industry or market segment they compete in.

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Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, which can lead to heart attacks, strokes, and other serious health issues.

Cancer Death Rates

The ratio or number of deaths caused by cancer within a specific population and time period, often used as an indicator for the disease's impact and mortality.

Connective Tissues

Tissues in the body that connect, support, bind, or separate other tissues or organs, typically having relatively few cells embedded in an amorphous matrix.

Sarcoma

A type of cancer that arises from transformed cells of mesenchymal origin—such as bone, cartilage, fat, muscle—resulting in malignant tumors primarily in bone and soft tissues.