Every Strategy Needs

question 107

Multiple Choice

Every strategy needs

• A)a distinctive element that attracts customers and produces a competitive edge.
• B)to include similar characteristics to rival company strategies.
• C)to pursue conservative growth built on historical strengths.
• D)to employ diverse and sundry operating practices for producing greater control over sales growth targets.
• E)to mimic the plans of the industry's most successful companies.

---

Definitions:

New Good

A product that has been recently developed or introduced to the market, offering new benefits or replacing existing goods.

Economic Well-Being

A measure of how well an individual, community, or country is performing economically, often considering factors like income, employment, and access to goods and services.

Variety

The range of different products, services, or choices available in a market, often contributing to consumer satisfaction and market efficiency.

Consumer Spending

The total amount of money spent by households and consumers on goods and services.