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Porter’s generic strategies identified three basic categories of strategies to include which one of the following combination?
  • a)
    Low cost producer, differentiation and focused niche
  • b)
    Specific strategic issues, Vertical integration strategies, and supply strategy
  • c)
    High cost producer, differentiation and cost control
  • d)
    Managerial resources, profitability and focused niche
Correct answer is option 'A'. Can you explain this answer?
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Porter’s generic strategies identified three basic categories of...
Porter’s generic strategies identified three basic categories of strategies to include Cost Leader, differentiation and focused niche.
According to Porter it should be low cost producer, should produce products different from competitor’s product and focused on its goal. If company will be focused on its goal by producing differentiate product at low price then definitely market share will be increased.
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Porter’s generic strategies identified three basic categories of...
Porter’s generic strategies identified three basic categories of strategies to include Cost Leader, differentiation and focused niche.
According to Porter it should be low cost producer, should produce products different from competitor’s product and focused on its goal. If company will be focused on its goal by producing differentiate product at low price then definitely market share will be increased.
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Direction: Read the following passage carefully and answer the question.If India has to develop her internal strengths, the nation has to focus on the technological imperatives, keeping in mind three dynamic dimensions: the people, the overall economy and the strategic interests. These technological imperatives also take into account a ‘fourth’ dimension, time, an offshoot of modern-day dynamism in business, trade, and technology that leads to continually shifting targets. We believe that technological strengths are especially crucial in dealing with this fourth dimension underlying continuous change in the aspirations of the people, the economy in the global context, and the strategic interests. The progress of technology lies at the heart of human history. Technological strengths are the key to creating more productive employment in an increasingly competitive market place and to continually upgrade human skills. Without a pervasive use of technologies, we cannot achieve the overall development of our people in the years to come. The direct linkages of technology to the nation’s strategic strengths are becoming more and more clear, especially since the 1990s. India’s own strength in a number of core areas still puts it in a position of reasonable strength in the geopolitical context. Any nation aspiring to become a developed one needs to have strengths in various strategic technologies and also the ability to continually upgrade them through its own creative strengths. For people-oriented actions as well, whether for the creation of large scale productive employment or for ensuring nutritional and health security for people or for better living conditions, technology is the only vital input. The absence of greater technological impetus could lead to lower productivity and wastage of precious natural resources. Activities with low productivity or low-value addition, in the final analysis, hurt the poorest most. The technological imperatives to lift our people to a new life, and to life, they are entitled to be important. India, aspiring to become a major economic power in terms of trade and increase in GDP, cannot succeed on the strength of turnkey projects designed and built abroad or only through large-scale imports of plant machinery, equipment and know-how. Even while being alive to the short-term realities, medium and long-term strategies to develop core technological strengths within our industry are vital for envisioning a developed India.Q.According to the above passage, which of the following are indicative of the fourth dimension?1) Aspirations of people2) Modern day dynamism3) Economy in the global context4) Strategic interestsCode

Porter’s generic strategies identified three basic categories of strategies to include which one of the following combination?a)Low cost producer, differentiation and focused nicheb)Specific strategic issues, Vertical integration strategies, and supply strategyc)High cost producer, differentiation and cost controld)Managerial resources, profitability and focused nicheCorrect answer is option 'A'. Can you explain this answer?
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Porter’s generic strategies identified three basic categories of strategies to include which one of the following combination?a)Low cost producer, differentiation and focused nicheb)Specific strategic issues, Vertical integration strategies, and supply strategyc)High cost producer, differentiation and cost controld)Managerial resources, profitability and focused nicheCorrect answer is option 'A'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Porter’s generic strategies identified three basic categories of strategies to include which one of the following combination?a)Low cost producer, differentiation and focused nicheb)Specific strategic issues, Vertical integration strategies, and supply strategyc)High cost producer, differentiation and cost controld)Managerial resources, profitability and focused nicheCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Porter’s generic strategies identified three basic categories of strategies to include which one of the following combination?a)Low cost producer, differentiation and focused nicheb)Specific strategic issues, Vertical integration strategies, and supply strategyc)High cost producer, differentiation and cost controld)Managerial resources, profitability and focused nicheCorrect answer is option 'A'. Can you explain this answer?.
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