Which of the Following Is Not a Viable Competitive Position

question 18

Multiple Choice

Which of the following is not a viable competitive position for a firm within its given industry?

• A) industry leader (e.g., Google)
• B) price leader (e.g., Priceline)
• C) quality leader (e.g., Mercedes)
• D) business model leader (e.g., Borders)

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Definitions:

Oligopolistic Competition

An economic system where a few large corporations control the market, resulting in restricted competition.

Price Competition

A market situation in which competitors attempt to outdo each other on price, as opposed to features, benefits, or services.

Pure Monopoly

A market structure where a single company or entity exclusively supplies a product or service, facing no competition.

Product Differentiation

Strategies employed by companies to make their products or services stand out from those of competitors in the eyes of consumers.