Harvard University Business professor Michael Porter proposed that companies could follow one of three different competitive strategies.Which of the following is not one of Porter's recommended strategies?
A)Low price strategy
B)Cost leadership strategy
C)Differentiation strategy
D)Niche strategies

Question

Quizplus · Accepted Answer

Low price strategy is not one of Porter's recommended strategies. Instead, Porter's strategies include Cost Leadership, Differentiation, and Focus (or Niche) strategies. Cost Leadership involves becoming the lowest cost producer in the industry, Differentiation involves making your product or service unique, and Focus involves targeting a specific, narrow market.

Harvard University Business Professor Michael Porter Proposed That Companies Could