In Which of the Following Circumstances Is a Strategy to Be

question 84

Multiple Choice

In which of the following circumstances is a strategy to be the industry's overall low-cost provider NOT particularly well-matched to the market situation?

• A) when the offerings of rival firms are essentially identical and readily available from many eager sellers
• B) when there are few ways to achieve differentiation that have value to buyers
• C) when price competition among rival sellers is especially vigorous
• D) when buyers have widely varying needs and special requirements, and the prices of substitute products are relatively high
• E) when the majority of industry sales are made to a few, large-volume buyers

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Articles of Incorporation

Legal documents filed with a state government to legally establish a corporation.

Shareholder Approval

The process by which shareholders vote to approve or reject proposed actions by a corporation, often required for major decisions or changes.

Corporate Assets

Resources or valuables owned by a corporation, which can include cash, equipment, property, and intellectual property.