A Company's Strategy and Its Quest for Competitive Advantage Are

question 42

Multiple Choice

A company's strategy and its quest for competitive advantage are tightly connected because:

• A) without a competitive advantage a company cannot become the industry leader.
• B) without a competitive advantage a company cannot have a profitable business model.
• C) crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance.
• D) a competitive advantage is what enables a company to achieve its strategic objectives.
• E) how a company goes about trying to please customers and outcompete rivals is what enables senior managers to choose an appropriate strategic vision for the company.

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Definitions:

Informal

A term describing communication or activities that are unofficial or not bound by formal rules, structures, or procedures.

Oral

Pertaining to the mouth, including the delivery of communication or medication.

Written

Information or content that has been recorded in a tangible form through handwriting, typing, or printing.

Active Listening

It is a communication technique that requires the listener to fully concentrate, understand, respond, and then remember what is being said.