Which of the Following Ways Are Employed by Defending Companies

question 58

Multiple Choice

Which of the following ways are employed by defending companies to fend off a competitive attack?

• A) Introduce new features, add new models, or broaden its product line.
• B) Grant volume discounts or better financing terms.
• C) Gain product line exclusivity to force competitors to use alternate distributors.
• D) Offer better training and support services.
• E) All of these.

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Definitions:

Performance Targets

Specific goals set by a company or individual to measure progress and achievement over a period.

Performance Metrics

Quantitative measures used to gauge an organization's performance in various areas, enabling managers to assess productivity, efficiency, and effectiveness in meeting objectives.

Strategic Initiatives

Planned actions designed to achieve long-term goals that significantly impact an organization's direction and success.

Value Chain

A model that describes the full range of activities needed to create a product or service, from inception to delivery to the end user.