While There Are Many Routes to Competitive Advantage,the Two Biggest

question 3

Multiple Choice

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

• 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 competitive advantage linked to low costs or differentiation.
• C) whether a company can achieve lower costs than rivals and whether the company is pursuing the industry's sales and market share leader role.
• D) finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities.
• E) getting in the best strategic group and establishing a dominating role.

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Definitions:

Consistent Look

Refers to maintaining uniformity in design, formatting, and style throughout a document, presentation, or website to ensure cohesion and clarity.

Informing and Persuading

Activities aimed at providing information to others while simultaneously attempting to influence their beliefs or actions.

Oral Presentations

An oral presentation is a spoken delivery of information or ideas to an audience, typically structured with a clear introduction, body, and conclusion.

Safety Data

Information collected about the health or safety risks associated with materials, substances, or procedures, often documented in safety data sheets.