Porter contends that ____ and ____ are two important competitive strategies.

Question

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Porter argues that low cost leadership and differentiation are the two key competitive strategies that a business can pursue to gain a sustainable competitive advantage in the market. Low cost leadership involves offering products or services at a lower cost while maintaining acceptable quality, while differentiation involves offering unique and valuable products or services that are distinct from competitors. Both of these strategies allow a company to stand out in the market and attract customers, which can lead to increased profitability and market share. Choice C is the only option that presents both of these strategies.

Porter Contends That ____ and ____ Are Two Important Competitive

Porter Contends That and Are Two Important Competitive