Which of the Following Is Not a Generic Competitive Strategy

question 119

Multiple Choice

Which of the following is not a generic competitive strategy that can be used to gain competitive advantage?

• A) Lower cost
• B) Differentiation
• C) Focus strategies
• D) Increased advertising

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Definitions:

Act-Learn-Build

A cyclical process model for innovation and development that emphasizes taking action, learning from outcomes, and building upon the insights acquired.

Risk Takers

Individuals or entities willing to engage in behaviors or decisions that involve potential losses or failure in pursuit of potential gains.

For-Profit Business

A type of organization that operates with the principal goal of making profits for its owners or shareholders.

Nonprofit

Reiteration of nonprofit organizations, indicating entities devoted to advancing a social cause without the aim of making a profit.