Which of the Following Is Not a Frequently Used Strategic

question 44

Multiple Choice

Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

• A) 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,or more attractive styling
• C) simply trying to mimic the successful strategies of rivals
• D) focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
• E) developing expertise and resources that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own

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Definitions:

Demand for Coffee

The total amount of coffee that consumers are willing and able to purchase at various prices during a certain time period, influenced by factors like price, income, and consumer preferences.

Price of Coffee

The cost at which coffee is sold, influenced by factors like production costs, supply and demand, and market competition.

Demand Curve

A chart illustrating the link between a product's price and the amount of the product consumers are ready to buy at that price.

Number of Flowers

The total count or quantity of flowers, often measured for agricultural, botanical, or commercial purposes.