The Most Effective Strategy Is

question 82

Multiple Choice

The most effective strategy is

• A)one that most firms in the industry are following.
• B)to always diversify.
• C)one that competitors are unwilling or unable to imitate.
• D)to be the "first mover",regardless of other factors.
• E)to be a follower.

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Definitions:

Product Variants

Different versions of a product that a company offers, differing in features, sizes, or other characteristics to satisfy various customer needs.

Product Attributes

The characteristics or features of a product, including quality, price, design, and brand name, which can influence consumers' buying decisions.

Variant

A version of a product that is slightly different from the basic model to cater to different customer needs or preferences.

Narrowly

With limited scope or breadth; focusing closely on a specific or restricted area.