Which of the Following Is NOT a Frequently Used Strategic

question 96

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
• 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

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Definitions:

Alternative Hypothesis

In statistics, the hypothesis that proposes there is a difference between two or more groups or variables, contrasted with the null hypothesis.

Two-sided Test

A statistical test designed to determine if there is a significant difference between a parameter and a specific value, in either direction.

One-sided Test

A statistical test in which the alternative hypothesis specifies a direction of the test statistic, either greater than or less than a certain range.

Two-sided Test

A hypothesis test that allows for the exploration of relationships in both directions, testing for the possibility of an effect in either direction.