Harvard 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

Porter's three competitive strategies include cost leadership, differentiation, and focus (or niche) strategies. The "low price strategy" is not explicitly one of Porter's recommended strategies; rather, it can be considered a component or outcome of the cost leadership strategy.

Harvard Business Professor Michael Porter Proposed That Companies Could Follow