Which of the Following Strategies Does Tesla Need to Implement

question 3

Multiple Choice

Which of the following strategies does Tesla need to implement or achieve to gain a competitive advantage?

• A) imitate the features of the most popular SUVs on the market
• B) reinvest profits to build successively better electric automobiles
• C) sell advertising space on their cars' digital displays
• D) substitute less-expensive components to keep costs low

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Definitions:

Evolution

The mechanism through which a range of life forms are considered to have emerged and branched out from previous versions during Earth's historical timeline.

Punctuated Equilibrium

A theory in evolutionary biology which proposes that species evolve rapidly in short bursts, followed by long periods of evolutionary stasis.

Darwin Model

A reference to Charles Darwin's theory of evolution by natural selection, which posits that organisms evolve through a process where individuals with traits better suited to their environment are more likely to survive and reproduce.

Evolutionary Forces

Mechanisms that change the genetic structure of populations, including mutation, selection, gene flow, and genetic drift.