Which of the Following Is a Frequently Used Strategic Approach

question 11

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,or technological superiority
• C) developing competitively valuable resources and capabilities that rivals can't easily match,copy,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 choices are correct.

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Definitions:

Commerce

The activity of buying and selling, especially on a large scale.

Revolutionary War

The conflict between the Thirteen American colonies and British monarchy from 1775 to 1783, which resulted in the founding of the United States of America.

Tax Rate

The percentage at which an individual or corporation is taxed by the government, often varying by income or value.

Suspicious Alliances

Partnerships or agreements that may raise concerns or doubts about the motives or intentions of the involved parties.