The Two Broad Strategies for Building a Competitive Advantage Are

question 51

Multiple Choice

The two broad strategies for building a competitive advantage are the _____ strategies.

• A)cost-based and differentiation-based
• B)price-advantage and cost-advantage
• C)marketing-advantage and price-advantage
• D)focus-advantage and marketing-advantage

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Definitions:

Stereotypes

Overgeneralized beliefs about a particular group or category of people, often resulting in prejudgement and oversimplification.

Minority Identity

The sense of belonging to a specific demographic smaller in number within a larger population, often associated with cultural, racial, or social attributes.

Hindsight Bias

The propensity to think that one could have predicted the outcome once an event has happened.

Unconscious Patronization

A form of subtle discrimination in which individuals receive lower expectations or standards because of unconscious biases towards their abilities, often based on race or gender.