Which of the following is a fundamental competitive strategy suggested by Porter?
A)Creating alliance partners
B)Developing innovative products
C)Providing the best customer service
D)Differentiating its products to become a niche player
E)Growing the diversity of the products and/or service offered

Question

Quizplus · Accepted Answer

Porter's fundamental competitive strategy suggests differentiating products to become a niche player in the market. This involves focusing on creating unique products or services that cater to a specific target market's needs and wants, thereby reducing competition and enhancing the firm's profitability.

Which of the Following Is a Fundamental Competitive Strategy Suggested