Competitive Advantage Can Be Gained from Which of the Following

question 143

Multiple Choice

Competitive advantage can be gained from which of the following?

• A)Differentiation
• B)Lowest delivered cost
• C)Differentiation or lowest delivered cost
• D)None of the above

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Definitions:

Organisational Strategies

Broad plans or approaches adopted by an organization to achieve its long-term goals and objectives.

Peter Drucker

A renowned management consultant, educator, and author, considered the founder of modern management.

Organisational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization.

Macroenvironment

The external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies.