A Creative and Distinctive Strategy That Sets a Company Apart

question 35

Multiple Choice

A creative and distinctive strategy that sets a company apart from rivals and that gives it a sustainable competitive advantage:

• A) is a reliable indicator that the company has a socially responsible business model.
• B) is achievable in emerging but not mature industries.
• C) Is a company's most reliable ticket to above-average profitability.
• D) signals that the company has a bold, ambitious strategic intent that places the achievement of strategic objectives ahead of the achievement of financial objectives.
• E) is the best indicator that the company's strategy and business model are well-matched and properly synchronized.

Identify strategies for differentiating products from competitors.

Distinguish between publicity and other forms of promotional activities.

Compare and contrast different pricing strategies with a focus on customer and internal orientations.

Understand the concept of neighborhoods and the importance of demographic segmentation for businesses.

---

Definitions:

Four Types

A categorization method that divides a subject into four distinct groups or categories based on specific characteristics.

Observation

The action or process of closely monitoring or noticing something or someone, often used as a method for gathering data in research.

Entrepreneurial Perspective

A way of thinking that emphasizes opportunity recognition, innovation, and new venture creation.

Empathize

The ability to understand and share the feelings of another, often considered a crucial skill in designing user-centered products or services.