Michael Porter's Competitive Strategies Framework Bases Business-Level Strategic Decisions on What

question 97

Multiple Choice

Michael Porter's competitive strategies framework bases business-level strategic decisions on what two main considerations?

• A) market scope and source of competitive advantage
• B) market scope and product reliability
• C) market scope and market share
• D) source of competitive advantage and stability
• E) source of competitive advantage and vertical integration

---

Definitions:

Financial Records

Financial records are written accounts of a business's financial activity, including transactions, income, and expenses, essential for tracking financial performance.

Leverage Ratios

Financial metrics that assess the degree of a company's reliance on borrowed money in its operations.

Profitability Ratios

Financial ratios that are used to measure the ability of a company to turn sales into profits and to earn profits on assets and owner’s equity committed.

Primary Financial Records

Essential documents that record and detail the financial activities and condition of a business or individual, such as income statements, balance sheets, and cash flow statements.