12BM U4AOS1 KKP7 2025
Presentation
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Ernest Ridgway
FREE Resource
11 Slides • 12 Questions
1
2
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4
Multiple Choice
Which of the following is NOT one of Porter’s Generic Strategies for strategic management?
Cost Leadership
Differentiation
Market Penetration
Focus
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6
Open Ended
Why is it important for businesses to review their performance and consider the need for change using strategic management approaches like Porter's Generic Strategies?
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9
Multiple Choice
According to Michael Porter, what is the main goal of achieving a competitive advantage?
To place a business in a superior position compared to its competitors
To increase the number of employees
To expand internationally
To reduce the number of competitors
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12
Multiple Select
Which of the following are pricing approaches for the 'lower cost' strategy according to Porter?
Charge similar prices to competitors
Charge slightly lower prices than competitors
Charge much lower prices than competitors
Charge higher prices than competitors
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Open Ended
Can you think of another Australian business that uses the 'lower cost' strategy?
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17
Multiple Select
Which of the following methods can help a business achieve differentiation according to Porter?
Using quality materials in production
More successful marketing
Building closer relationships with customers
Reducing the number of employees
18
Open Ended
Reflecting on today’s lesson, how confident do you feel about applying Porter’s Generic Strategies to a real-world business case study?
19
Open Ended
Can you think of another Australian business that uses the 'differentiation' strategy?
20
Multiple Choice
What are the two key approaches to strategic management according to Porter’s Generic Strategies?
Lower cost and differentiation
Market penetration and product development
Cost leadership and market segmentation
Innovation and diversification
21
Fill in the Blanks
According to Porter, a business should focus on either low cost or
Type answer...
22
Fill in the Blanks
Complete the blank: Porter’s Lower Cost Strategy aims to achieve a competitive advantage by reducing
Type answer...
23
Open Ended
How might a company decide whether to use Porter’s Lower Cost Strategy or Differentiation Strategy? Discuss the factors that could influence this decision.
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