One of the Frequently Used Successful and Dependable Strategic Approaches

question 30

Multiple Choice

One of the frequently used successful and dependable strategic approaches is:

• A) to come up with a distinctive element that builds strong customer loyalty and yields a winning competitive edge.
• B) to aggressively pursue all of the growth opportunities the company can identify.
• C) to develop a product/service with more innovative performance features than what rivals are offering and to provide customers with better after-the-sale service.
• D) to come up with a business model that enables a company to earn bigger profits per unit sold than rivals.
• E) to charge a lower price than rivals and thereby win sales and market share away from rivals.

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Definitions:

Low Self-Esteem

A personal feeling of worthlessness or a lack of confidence in one's own abilities or value.

Highly Creative

Possessing a great capacity for creativity, characterized by originality, imagination, and the ability to produce ideas or solutions that are both novel and useful.

Undeserved Praise

Compliments or commendations given without genuine merit, often leading to false confidence or unrealistic self-perceptions.

Genuine Self-Esteem

A true and positive perception of oneself, grounded in an accurate assessment of abilities and achievements, leading to self-respect and confidence.