Michael Porter,a management strategy expert,developed a strategic framework in which a firm has ways to develop a competitive advantage.Which of the following is not one of the ways Porter suggested a firm use to develop a competitive advantage?
A)Product differentiation
B)Low cost production
C)Contribution differentiation
D)None of these ans choices are correct.

Question

Quizplus · Accepted Answer

Porter suggested two ways a firm can develop a competitive advantage: product differentiation and low cost production. "Contribution differentiation" is not a term typically used in Porter's framework and is not one of the ways he suggested for firms to create a competitive advantage. Therefore, the correct answer is C.

Michael Porter,a Management Strategy Expert,developed a Strategic Framework in Which