1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
2 years ago
15

\Select the three generic business strategies Porter identified for entering a new market. Multiple select question. Focused lea

dership Broad cost leadership Focused strategy Product differentiation Broad differentiation
Business
2 answers:
Dahasolnce [82]2 years ago
8 0

broad differentiation, focused strategy, and broad cost leadership are the three Generic business strategies Porter identified for entering a new market.

<h3>What are Generic business strategies?</h3>

A Generic business-level strategy is a broad approach to a company's positioning within a sector. Executives can concentrate on the essential components of business-level plans by focusing on generic strategies. The most widely used set of generic strategies is derived from the work of Harvard Business School Professor Michael Porter.

The foundation of any business-level strategy, in Porter's opinion, is two competitive dimensions. The first factor is the source of competitive advantage for a company. This factor examines whether a company seeks to outperform competitors by cutting costs or by providing a niche product.

The range of a company's operations is the second factor. This aspect pertains to whether a company tries to target clients generally or whether it only aims to draw in a certain customer demographic.

These choices lead to the following four general business-level strategies:

  • Broad cost leadership,
  • Broad differentiation,
  • Focused cost leadership,
  • Focused differentiation.

To know more about Generic business strategies refer to:  brainly.com/question/27403764

#SPJ4

antiseptic1488 [7]2 years ago
5 0

The three generic business strategies are as follows broad differentiation, focused strategy, broad cost leadership.

There are three fundamental strategy alternatives open to firms for attaining a competitive edge, according Porter's Generic Strategies model. Cost leadership, differentiation, and focus are these. In 1980, Michael Porter created these, which a business may employ to acquire a competitive advantage.

The management, expansion, and profitability of your company will probably be aided by Porter's general competitive tactics, which will help you build a long-lasting competitive edge. Our business's purpose is defined and given a set of values by our strategy. It aids in our understanding of what success truly entails. It offers a route for our company, outlines our destination, and recommends helpful rest stops along the way.

Hence, the correct option is broad differentiation, focused strategy, broad cost leadership.

To know more about generic business strategy click here:

brainly.com/question/27876283

#SPJ4

You might be interested in
What are some factors that would influence supply? Explain
lakkis [162]

Answer:

Some of the factors that influence the supply of a product are described as follows:

i. Price: ...

ii. Cost of Production:  

iii. Natural Conditions:  

iv. Technology:  

v. Transport Conditions:  

vi. Factor Prices and their Availability:  

vii. Government's Policies:  

viii. Prices of Related Goods

<h2>Please mark me as brainliest</h2>
6 0
2 years ago
Susan can pick 4 pounds of coffee in an hour or gather 2 pounds of nuts. tom can pick 2 pounds of coffee in an hour or gather 4
Kryger [21]

Answer: Total earning is $96 for both Susan and Tom

Explanation:

Susan can pick 4 pounds of coffee or 2 pounds of nuts.

Tom can pick 2 pounds of coffee or 4 pounds of nuts.

Price of Coffee = $2 per pound

Price of Nuts = $2 per pound

Opportunity cost of producing coffee for Susan = 2/4 = 0.5

Opportunity cost of producing coffee for Tom = 4/2 = 2

Opportunity cost of coffee is low for Susan, so she has a comparative advantage in it.

So, Susan produces 6*4 = 24 pounds of coffee, total revenue from sale of coffee is $24*2 = $48

Opportunity cost of producing Nuts for Susan = 4/2 = 2

Opportunity cost of producing Nuts for Tom = 2/4 = 0.5

Opportunity cost of coffee is low for Tom, so he has a comparative advantage in it.

So, Tom produces 6*4 = 24 pounds of nuts, total revenue from sale of nuts is $24*2 = $48

So, total earning = $48+$48 = $96

5 0
3 years ago
A forecast that addresses the business cycle by predicting planning indicators is
zloy xaker [14]

Answer:

B. a demand forecast.

Explanation:

3 0
3 years ago
B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Gemiola [76]

Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

<h3>What is an original age?</h3>

In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.

Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

Read more about original age

<em>brainly.com/question/26386049</em>

5 0
1 year ago
Brianna is the top-performing cheerleader and captain of the cheer team. Which of the following statements would result in the a
Reptile [31]
C should be the correct answer if not it’s A
3 0
3 years ago
Other questions:
  • A stock has an expected return of 14.3 percent, the risk-free rate is 3.9 percent, and the market risk premium is 7.8 percent. w
    12·2 answers
  • Hich one of the following account login credentials (username and password) is most important to keep secure?
    15·1 answer
  • Windsor Corporation engaged in the following cash transactions during 2020. Sale of land and building $187570 Purchase of treasu
    10·1 answer
  • Milton Friedman argued that consumers are more likely to alter their behavior based on..
    9·1 answer
  • Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes
    12·1 answer
  • What is the difference between demand and quantity demanded of a product, say milk?
    10·1 answer
  • Blossom Company had the following transactions involving notes payable. July 1, 2020 Borrows $61,000 from First National Bank by
    8·1 answer
  • Define equity economics.​
    12·2 answers
  • Accurate Metal Company sold 39,000 units of its product at a price of $390 per unit. Total variable cost per unit is $196, consi
    5·1 answer
  • A break-even analysis includes operating expenses and total monthly debt payments,
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!