Which of the Following Is NOT a Frequently Used Strategic

question 31

Multiple Choice

Which of the following is NOT a frequently used strategic approach to set a company apart from rivals and achieve a sustainable competitive advantage?

• A) Striving to be the industry's low-cost provider,thereby aiming for a cost-based competitive advantage
• B) Outcompeting rivals on the basis of differentiating features such as higher quality,wider product selection,added performance,better service,more attractive styling,technological superiority,or unusually good value for the money
• C) Focusing on a broad buyer segment and offering buyers a very low cost and highly customized attributes that meet their specialized needs better than rivals' products
• D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
• E) Developing a cost advantage based on offering more value for the money

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Definitions:

Immigration Model

A theoretical framework used to analyze the movement of people across borders and its impact on economies, labor markets, and societies.

Wage Rate

The amount of money paid to an employee for a specified quantity of work, typically expressed on an hourly, daily, or piecework basis.

Optimal Level

The most favorable point, level, or condition for achieving a specific goal or maximizing a specific outcome under given constraints.

Marginal Benefit

The boost in satisfaction or utility experienced by a consumer when consuming an extra unit of a good or service.