Which of the following is a fundamental competitive strategy suggested by Porter?
A) Growing the diversity of the products and / or service offered
B) Providing the best customer service
C) Creating alliance partners
D) Developing innovative products
E) Differentiating its products

Question

Quizplus · Accepted Answer

Porter suggests that companies can gain a competitive advantage by differentiating their products or services from those of their competitors, making them unique in the market. This differentiation can be based on product features, quality, customer service, or any other factor that makes the product or service stand out. Companies that successfully differentiate themselves can often charge higher prices and enjoy greater customer loyalty.

Which of the Following Is a Fundamental Competitive Strategy Suggested