According to Michael Porter, what are the two basic strategies for creating value and attaining a competitive advantage in an industry?
A. Differentiation and low-cost
B. Value creation and generalization
C. One-size-fits-all and zero-sum
D. Comparison and standardization
E. Profitability and strategic fit
A
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The fact that price fixing helps consumers or protects competitors from ruinous competition can be used as a valid defense against the charge of price discrimination
Indicate whether the statement is true or false
Human beings are complex, and few, if any, simple and universal principles explain organizational behavior. Nevertheless, it does not mean that OB cannot offer reasonably accurate explanations of human behavior or make valid predictions
It does mean that OB concepts must ________. A) focus on the reliability and validity of research data B) attempt to establish cause-and-effect relationships C) be consistently applicable across a wide range of situations D) reflect situational, or contingency, conditions E) avoid assumptions