The Generic Types of Competitive Strategies Include

question 86

Multiple Choice

The generic types of competitive strategies include

• A) build market share, maintain market share, and slowly surrender market share.
• B) offensive strategies and defensive strategies.
• C) low-cost provider, broad differentiation, best-cost provider, focused low-cost, and focused differentiation.
• D) low-cost/low price strategies, high-quality/high price strategies, and medium quality/medium price strategies.
• E) price leader strategies, price follower strategies, technology leader strategies, first-mover strategies, offensive strategies, and defensive strategies.

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Definitions:

Logrolling

The process of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Social Engineering

Social engineering involves manipulating individuals into divulging confidential or personal information for fraudulent purposes.

Grandstanding

Engaging in behavior or making statements intended to attract positive attention and impress others.

Marginal Benefit

The added contentment or utility derived from utilizing or producing an extra item of a good or service.