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:

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