The Four Major Competitive Strategies Are

question 1

Multiple Choice

The four major competitive strategies are:

• A)low-cost leadership,substitute products and services,customers; and suppliers.
• B)low-cost leadership,product differentiation,focus on market niche,and customer and supplier intimacy.
• C)new market entrants,substitute products and services,customers,and suppliers.
• D)low-cost leadership,new market entrants,product differentiation,and focus on market niche.
• E)customers,suppliers,new market entrants,and substitute products.

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Definitions:

Characteristics

Qualities, traits, or features that are inherent or typical of a person, object, or concept.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Natural Law

A philosophy asserting that certain rights or values are inherent by virtue of human nature and can be universally understood through reason.

Ethical Dilemma

A situation where a person faces conflicting moral choices and no option seems ethically superior to others.