A Company's Strategy and Its Quest for Competitive Advantage Are

question 33

Multiple Choice

A company's strategy and its quest for competitive advantage are tightly connected because

• A) without a competitive advantage a company cannot become the industry leader.
• B) without a competitive advantage a company cannot have a profitable business model.
• C) crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance.
• D) a competitive advantage is what enables a company to achieve its strategic objectives.
• E) how a company goes about trying to please customers and outcompete rivals is what enables senior managers choose an appropriate strategic vision for the company.

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Definitions:

Assertive

Being assertive means confidently expressing one’s viewpoints and needs directly and respectfully, without infringing on the rights of others.

Opinions

Personal views or judgments not necessarily based on fact or knowledge, formed from individual beliefs or experiences.

Express Feelings

The act of openly sharing one's emotions or sentiments with others, which can facilitate communication and emotional bonding.

Achievement Motive

The intrinsic desire to achieve set goals and excel in tasks, often driving personal satisfaction and performance in various contexts.