Which Strategy for Competitive Advantage Involves Introducing New Products and Putting

question 20

Multiple Choice

Which strategy for competitive advantage involves introducing new products and putting new features in existing products?

• A)Cost leadership
• B)Differentiation
• C)Innovation
• D)Operational effectiveness
• E)Customer-orientation

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Definitions:

Suppliers

Entities that provide goods or services to another company or organization, often as part of a supply chain.

Human Resources

The department within an organization that handles recruitment, training, employee relations, and benefits.

Financial Resources

Assets in the form of money or other valuables that an individual or organization can draw upon to achieve their goals or objectives.

Stakeholder Elements

The different components or aspects that define stakeholders, including their interests, rights, ownership, and influence on an organization.