The Objective of a Competitive Strategy Is to

question 49

Multiple Choice

The objective of a competitive strategy is to

• A)establish a competitively powerful value chain.
• B)grow revenues at a faster annual rate than rivals are able to grow their revenues.
• C)lend greater detail to the company's business model.
• D)provide buyers superior value relative to the offerings of rival sellers in order to attain a competitive advantage.
• E)get the company into the best strategic group and then dominate it.

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Definitions:

Carrying Capacity

The maximum population or load that a particular environment, system, or device can support sustainably.

Sustainability

The practice of maintaining processes or states over time, often specifically in ecological terms, without harmful impact on the natural environment or depletion of resources.

Weak Ties

in social network theory, refers to relationships that are not closely bonded but can provide new information and opportunities not available within closely knit groups.

Sustainability Lens

A perspective or evaluation approach focusing on environmental, social, and economic sustainability in decision-making processes.