According to a Generic Business Strategy Framework, There Are Two

question 82

Multiple Choice

According to a generic business strategy framework, there are two fundamental alternatives a firm can use to seek a competitive advantage. One of these is to

• A) become the high-cost producer within the markets in which it competes.
• B) adopt a "me too" strategy to achieve competitive parity.
• C) become the low-cost producer within the markets in which it competes.
• D) state its function in society to differentiate itself from competitors.
• E) differentiate itself from competitors by developing similar marketing programs.

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Definitions:

Simulates Human Emotions

The process of creating artificial representations or models that mimic or reproduce human emotions.

Computing

Refers to the process of using computer technology to complete a specific task.

Computer Literate

Having the ability to use computers and related technology efficiently, with a range of skills covering levels from elementary use to programming and advanced problem solving.

Computers

Electronic devices capable of processing, storing, and retrieving data, executing programs, and performing tasks according to a set of instructions.