Which of the following is a generic strategy developed by Michael Porter?
A) Market development
B) Differentiation
C) Liquidation
D) Innovation

Question

Quizplus · Accepted Answer

Differentiation is one of the three generic strategies proposed by Michael Porter, alongside cost leadership and focus. It involves creating a unique product or service that stands out in the market and offers added value to customers. Market development, liquidation, and innovation are not generic strategies developed by Porter.

Which of the Following Is a Generic Strategy Developed by Michael