While There Are Many Routes to Competitive Advantage, the Two

question 98

Multiple Choice

While there are many routes to competitive advantage, the two biggest factors that distinguish one competitive strategy from another are

• A)whether a company can build a brand name and an image that buyers trust.
• B)whether a company's target market is broad or narrow and whether the company is pursuing a low-cost or differentiation strategy.
• C)whether a company can achieve lower costs than rivals and whether the company is pursuing the industry's sales and market share leader's role.
• D)whether a company can offer the lowest possible prices and whether the company can get the best suppliers in the market.
• E)whether a company's overall costs are lower than competitors' and whether the company can achieve strong product differentiation.

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Definitions:

Web Conferencing

A method of conducting meetings or presentations over the internet, allowing participants to interact in real-time from different locations.

Professional Online Presence

The representation of an individual's or organization's professional identity on the internet through websites, social media profiles, and other digital platforms.

Resume

A structured document used by individuals to present their background, skills, and accomplishments typically for the purposes of securing employment.

Internet Of Things

The network of physical devices, vehicles, and other items embedded with electronics, software, sensors, and network connectivity, enabling these objects to collect and exchange data.