Michael Porter's Generic Strategies Model Identifies Four Fundamental Strategies

question 86

Multiple Choice

Michael Porter's generic strategies model identifies four fundamental strategies. Which of the following correctly describes these strategies?

• A) introduction, growth, maturity, and decline
• B) Stars, Cash Cows, Dogs, and Question Marks
• C) growth, differentiation, incremental, and emergent
• D) differentiation, cost leadership, focused differentiation, and focused cost leadership
• E) growth, retrenchment, vertical integration, and stability

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Definitions:

Conservation

The practice of protecting the natural environment and preserving natural resources from loss, degradation, or waste.

Frontier

The edge of a settled area, or the boundary between the known and unknown, often associated with westward expansion in American history.

Railroads

Systems of tracks along which trains run, a major form of transportation for both goods and passengers, historically significant in the development and expansion of countries.

Development

The process of economic growth, expansion, or realization of social and cultural potential within a country or region.