Which Type of Competitive Strategy Is Characterized by Convincing Rivals

question 71

Multiple Choice

Which type of competitive strategy is characterized by convincing rivals not to enter a price war,protection from customer pressure to lower prices,and the ability to better withstand cost increases from suppliers?

• A) differentiation
• B) overall low-cost leadership
• C) differentiation focus
• D) cost leadership focus

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Definitions:

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.

Institutional Law

Laws and legal principles concerning the functioning and structure of organizations or institutions.

Order

In a parliamentary or legislative context, order refers to the rules and procedures according to which business is conducted and debates are structured.

Sales Tax

A tax imposed on sales of goods and services, usually calculated as a percentage of the price paid by the consumer.