Which One of the Following Generic Types of Competitive Strategy

question 15

Multiple Choice

Which one of the following generic types of competitive strategy is typically the best strategy for a company to employ?

• A) A low-cost leadership strategy
• B) A broad differentiation strategy
• C) A best-cost provider strategy
• D) A focused low-cost provider strategy
• E) There is no such thing as a "best" competitive strategy; a company's "best" strategy is always one that is customized to fit both industry and competitive conditions and the company's own resources and competitive capabilities.

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Definitions:

Phobias

Intense, irrational fears of specific objects or situations that pose little or no actual danger.

Rituals

A sequence of activities involving gestures, words, and objects, performed in a sequestered place, and designed to influence preternatural entities or forces on behalf of the participants' goals and interests.

Obsession

An uncontrollable and persistent thought, idea, or feeling that dominates a person's mind.

Ritual

A set of fixed actions and sometimes words performed regularly, especially as part of a ceremony.