According to Michael Porter,the generic types of business strategies include:
A)Differentiation,low cost,focus
B)High-price,high quality,fast delivery
C)Focus,quality,imitation
D)All of the above

Question

Quizplus · Accepted Answer

Michael Porter's generic types of business strategies are differentiation, low cost, and focus. These are the three overarching categories of strategies that businesses can pursue to gain a competitive advantage in their industry. Option B is incorrect as it includes specific tactics rather than overarching strategies. Option C includes quality and imitation which are not generic types of business strategies according to Porter. Therefore the correct answer is A.

According to Michael Porter,the Generic Types of Business Strategies Include