Which of the Following Generic Types of Competitive Strategies Is

question 94

Multiple Choice

Which of the following generic types of competitive strategies is typically the "best" strategy for a company to employ?

• A) a strategy that seeks to underprice rivals on comparable products that attract a broad spectrum of buyers
• B) a strategy that seeks to differentiate product offerings from rivals by offering superior attributes that attract a broad spectrum of buyers
• C) a strategy that concentrates on a narrow buyer segment and outcompetes rivals by offering niche members customized attributes
• D) a strategy that concentrates on value-conscious buyers and outcompetes rivals by offering products at attractive prices
• E) a strategy that is well matched to a company's internal situation; underpinned by an appropriate set of resources, know-how, and competitive capabilities; and difficult for rivals to match

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Definitions:

Control Theories

In sociology and criminology, theories that explain social order as being maintained by social norms and institutions that encourage conformity and dissuade deviant behavior.

Social Controls

Mechanisms, both formal and informal, that regulate individual and group behavior, aiming to enforce conformity to societal norms.

Conformity

The act of aligning one's beliefs, attitudes, or behaviors with those of a group or societal norms, often to fit in or be accepted.

Imprisonment Rate

A statistical measure representing the number of individuals incarcerated per 100,000 population within a specific jurisdiction.