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:

Visual-spatial Abilities

Refers to the capacity to identify visual and spatial relationships among objects.

Corollary

A proposition that follows from one already proven, adding further information or detail.

Operational Definition

A clear, precise description of a variable in terms of the specific process or set of validation tests used to determine its presence and quantity.

Assumptions

Beliefs or statements taken for granted without proof, often serving as a foundation for further reasoning or arguments.