Which of the Following Is Not a Strategy for Competing

question 8

Multiple Choice

Which of the following is not a strategy for competing in hypercompetitive markets?

• A) Relying on tried and trusted methods of securing competitive advantage
• B) Imitating competitors' product/market moves
• C) Achieving advantage as a first mover
• D) Pre- empting imitation by competing in new ways
• E) Constant disruption of the status quo

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Definitions:

Accounts Payable

A liability account tracking money owed by a business to suppliers or creditors for goods and services received.

Revenue Account

An account that records sales, services, or other income earned by a business.

Asset Account

Accounts on a balance sheet that represent the resources owned by a company, which are expected to provide future economic benefits.

Liabilities

Financial obligations of a business, including debts and other amounts owed to creditors.