Porter contends that ____ and ____ are two important competitive strategies.
A) Low cost leadership, barrier to entry
B) New entrant deterrent, differentiation
C) Low cost leadership, differentiation
D) Differentiation, monopolistic
E) Monopolistic simulation, differentiation

Question

Quizplus · Accepted Answer

Porter's two important competitive strategies are low cost leadership and differentiation. Low cost leadership involves offering products or services at a lower cost than competitors, while differentiation involves offering unique or superior products or services that are perceived as valuable by customers. These strategies help companies gain a competitive advantage and succeed in their respective industries.

Porter Contends That ____ and ____ Are Two Important Competitive

Porter Contends That and Are Two Important Competitive