What Are the Generic Competitive Strategies

question 32

Multiple Choice

What are the generic competitive strategies?

• A)Acquisition, licensing, venture capital investment, merger, and alliance.
• B)Internal development, internal venture, and reconfiguring the value chain.
• C)Cost leadership, differentiation, and focus.
• D)Re-engineering, restructuring, and quality improvement.

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Definitions:

Producing Units

Entities within an organization responsible for the creation of products or services.

Corn

A cereal plant that yields large kernels set in rows on a cob; an important crop for food, animal feed, and industrial products.

Bushel

A unit of volume used primarily in the United States for measuring agricultural commodities, equivalent to approximately 35.24 liters.

Marginal Costs

The additional cost incurred in producing one more unit of a good or service, critical in decision-making regarding production volumes.