Strategic Approaches to Set a Company Apart from Rivals and Achieve

question 108

Multiple Choice

Strategic approaches to set a company apart from rivals and achieve a sustainable competitive advantage are not likely to include

• A)striving to be the industry's low-cost provider.
• B)outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers.
• C)developing a best-cost provider strategy that gives customers more value for the money.
• D)focusing on a narrow market niche and serving buyers' special needs and tastes.
• E)striving to be the industry's high-price provider.

---

Definitions:

Service Center

A Service Center is a dedicated unit or facility that provides specialized support or services to customers, typically in the area of maintenance, repair, or customer assistance.

Effective Offer

A proposal made in such terms that upon acceptance, a legally enforceable contract is formed.

Communicated

The process of conveying information or expressing ideas and feelings through speech, writing, or other mediums.

Offeree

An individual or entity that receives a proposal or invitation to enter into an agreement.