The Four Major Types of Competitive Strategy Are

question 53

Multiple Choice

The four major types of competitive strategy are

• A) low-cost leadership; substitute products and services; customers; and suppliers.
• B) low-cost leadership; product differentiation; focus on market niche; and customer and supplier intimacy.
• C) new market entrants; substitute products and services; customers; and suppliers.
• D) low-cost leadership; new market entrants; product differentiation; and focus on market niche.

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Definitions:

Inheritance

In object-oriented programming, inheritance is the mechanism of basing an object or class upon another object (prototype-based inheritance) or class (class-based inheritance), retaining similar implementation.

Test Condition

A check to see whether the loop in an algorithm is completed.

Loop Decision

The process within programming that involves executing a set of instructions repeatedly based on a specified condition or set of conditions.

Runtime Error

An error in a program that occurs when a programmer accidentally writes code that divides by zero, a mathematical error.