The CEO of the Wholesome Food Retail Grocery Chain, Which

question 64

Multiple Choice

The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO:

• A) realizes that he must understand competitors in order to predict their competitive actions and responses.
• B) understands that he is the market leader in his niche and thus has a sustainable competitive advantage.
• C) believes he has placed his firm in a slow-cycle industry where concerns about protecting unique competencies dominate concerns about market share.
• D) realizes his firm has such lower resources than other competitors that his chain is "competitively invisible" to them.

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Definitions:

Avoiding Punishment

A behavior modification strategy where actions are guided by the desire to avoid negative consequences or penalties.

Socioemotional Development

The process by which individuals learn and develop their emotional skills, understandings, and identities in the context of their social environment.

Sociometric Data

Data that describe how individuals in a group interact.

Securely Attached

denotes an attachment style in individuals who feel confident and secure in their relationships, typically resulting from consistent and caring responses from their primary caregivers in early life.