Which of the Following Is a Frequently Used Strategic Approach

question 18

Multiple Choice

Which of the following is a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

• A) Striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage
• B) Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money
• C) Developing expertise and resource strengths that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own
• D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
• E) All of these

Identify supportive actions that can be taken by individuals outside of the immediate family to assist a sibling of a dying child.

Understand the basic concepts and statistics related to cancer, including its causes, symptoms, and survival rates.

Identify various alternative and complementary medical treatments and their purposes.

Grasp the history, principles, and key figures of the hospice movement and palliative care.

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Definitions:

Open Market

An economic system in which prices for goods and services are determined by unrestricted competition between privately owned businesses.

Capital Gains Rate

The tax rate applied to the profit from selling an asset that has increased in value.

Profit-sharing Bonuses

A type of incentive given to employees where they receive a share of the company’s profits, typically as part of their compensation package.

Seniority

The concept of giving preference to employees with longer tenure in aspects of employment such as promotions, pay increases, and layoffs.