Which of the Following Strategies Help a Firm to Obtain

question 40

Multiple Choice

Which of the following strategies help a firm to obtain competitive advantage by offering unique products to customers?

• A) Low-cost strategy
• B) Differentiation strategy
• C) Stuck-in-the-middle strategy
• D) Broad strategy

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Definitions:

BRIC Countries

An acronym for Brazil, Russia, India, and China, referring to rapidly developing countries considered as emerging markets or economic giants.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth, maturity, and decline.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors that use energy stored in batteries, offering increased fuel efficiency and lower emissions compared to conventional vehicles.

Waiting Lists

Lists of individuals or entities awaiting their turn for services or goods, commonly seen in healthcare, housing, or high-demand product scenarios.