To Build a Competitive Advantage by Out-Managing Rivals in Performing

question 4

Multiple Choice

To build a competitive advantage by out-managing rivals in performing value chain activities,a company must

• A) position itself in the industry's more favorably situated strategic group.
• B) develop resources strengths that will enable it to pursue the industry's most attractive opportunities.
• C) develop core competencies and maybe a distinctive competence that rivals don't have or can't quite match and that are instrumental in helping it deliver attractive value to customers or else be more cost efficient in how it performs value chain activities such that it has a low-cost advantage.
• D) outsource all of its value chain activities to world-class vendors and suppliers.
• E) eliminate its resource weaknesses.

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Definitions:

Harm

Physical injury, damage, or negative impact caused to a person, property, or other entity.

Use

Refers to the manner or purpose for which something is put into action or service.

Consumption

The use of goods and services by households or individuals.

Unreasonably Dangerous Product

In product liability, a product that is defective to the point of threatening a consumer’s health and safety. A product will be considered unreasonably dangerous if it is dangerous beyond the expectation of the ordinary consumer or if a less dangerous alternative was economically feasible for the manufacturer, but the manufacturer failed to produce it.