Which of the Following Is a Frequently Used Strategic Approach

question 70

Multiple Choice

Which of the following is a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

• A) Striving to be the industry's low-cost provider,thereby aiming for a product-based competitive advantage.
• B) Outcompeting rivals on the basis of such differentiating features as same quality,narrower product selection,or same value for the money.
• C) Developing a best-cost provider strategy that gives the company competitive capabilities so that rivals can easily imitate with capabilities of their own to even the playing field.
• D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche.
• E) All of these.

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Definitions:

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