The Objective of Competitive Strategy Is to

question 18

Multiple Choice

The objective of competitive strategy is to

• A) provide detail to the company's business model.
• B) build competitive advantage in the marketplace by giving buyers superior value relative to the offerings of rival sellers.
• C) get the company into the best strategic group and then dominate it.
• D) establish a competitively powerful value chain.
• E) grow revenues at a faster annual rate than rivals are able to grow their revenues.

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Definitions:

Specific Task

Refers to a particular piece of work or activity that is assigned or required to be done.

Critical Problems

Significant challenges or issues that require immediate attention and resolution.

Company's Success

The achievement of desired business goals and objectives, typically measured by financial performance, market share, or other key indicators.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.