When a Company's Rivals All Move Toward a Global Standardization

question 57

Multiple Choice

When a company's rivals all move toward a global standardization strategy, the strategy:

• A)​No longer satisfies the resource-based consideration of rarity.
• B)​Makes the rivals more innovative.
• C) ​Provides a source of differentiation.
• D) ​Allows for easier imitation of informal structures.

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Definitions:

Low Costs

The strategy of minimizing expenses in various areas of operations to increase profit margins and competitiveness.

Differentiation

The process in which a business distinguishes its product or service from others in the market to attract a specific target market.

Business Ecosystem

A dynamic network of interrelated entities, including organizations, individuals, and technologies, interacting within a particular market or industry.

Apple

A global technology company known for its innovations in consumer electronics, software, and services, including the iPhone, iPad, and MacOS.