In Addition to the Five Basic Competitive Strategies, the Text

question 45

Multiple Choice

In addition to the five basic competitive strategies, the text describes several key strategies implemented with information technology. Which of the following is not one of those strategies?

• A) Locking in customers
• B) Building switching costs
• C) Creating alliances
• D) Raising barriers to entry

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Definitions:

Fritz Heider

An Austrian psychologist best known for developing attribution theory, which explores how individuals infer causes of behavior and events.

Ingroup

A social group to which an individual feels they belong, often contrasting with an "outgroup" to which they do not identify.

Outgroup

A social group to which an individual does not identify or belong, often viewed with prejudice or discrimination.

Ingroup Bias

The tendency for people to give preferential treatment or have favorable attitudes towards members of their own group over those from different groups.