To Improve Performance,there Are Many Different Avenues for Outcompeting Rivals

question 48

Multiple Choice

To improve performance,there are many different avenues for outcompeting rivals such as:

• A) realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.
• B) creating products analogous with competitors so as to be competitive in the same markets.
• C) pursuing similar personalized customer service or quality dimensions as rivals.
• D) confining operations to local or regional markets or developing product superiority or concentrating on a narrow product lineup.
• E) strengthening competitiveness by restricting strategic alliances and collaborative partnerships when compared to rivals.

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Definitions:

Nonexecutive Personnel

Employees within an organization who do not hold executive or managerial positions, often involved in day-to-day operations.

Media Scandals

Events or actions that receive widespread public disapproval and are extensively covered and criticized in the media.

Compensating Salespeople

The practice of providing monetary and non-monetary rewards to sales staff for their performance and achievements.

Stock Ownership Incentive Plans

Programs designed to give employees the opportunity to buy or receive shares in the company they work for as a form of incentive.