Which of the Following Is NOT a Frequently Used Strategic

question 11

Multiple Choice

Which of the following is NOT a frequently used strategic approach to set a company apart from rivals and achieve a sustainable competitive advantage?

• A) striving to be the industry's low-cost provider
• B) outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers
• C) developing a best-cost provider strategy that gives customers more value for the money
• D) focusing on a narrow market niche and serving buyers' special needs and tastes
• E) striving to be the industry's high-price provider

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Definitions:

Essential Principle

A basic, fundamental rule or belief that is considered crucial for a particular field or discipline.

Obstructed

Blocked.

Emergency

A sudden, unforeseen situation requiring immediate action to prevent a dangerous scenario, harm, or property damage.

Urgent

Requiring immediate action or attention, often due to a critical or emergency situation.