Which of the Following Is NOT a Frequently Used Strategic

question 31

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,thereby aiming for a cost-based competitive advantage
• B) Outcompeting rivals on the basis of differentiating features such as higher quality,wider product selection,added performance,better service,more attractive styling,technological superiority,or unusually good value for the money
• C) Focusing on a broad buyer segment and offering buyers a very low cost and highly customized attributes that meet their specialized needs better than rivals' products
• D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
• E) Developing a cost advantage based on offering more value for the money

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Definitions:

Conflicts of Interest

Situations where an individual's personal interests might conflict with their professional duties or responsibilities.

Risky Actions

Behaviors or decisions that involve a significant degree of uncertainty and potential for negative outcomes.

Conflicting Incentives

This term refers to situations where parties involved have different motivations or incentives, leading to potential conflicts in decision-making.

Contract Terms

The specific conditions, provisions, and obligations agreed upon by parties in a contract.