While There Are Many Routes to Competitive Advantage,they All Involve

question 22

Multiple Choice

While there are many routes to competitive advantage,they all involve

• A) building a brand name image that buyers trust.
• B) delivering superior value to buyers in ways rivals cannot readily match.
• C) achieving lower costs than rivals and becoming the industry's sales and market share leader.
• D) finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities.
• E) getting in the best strategic group and dominating it.

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Definitions:

Well-ordered Machines

A metaphor for systems or organizations that operate efficiently and effectively, with all components working harmoniously.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism.

Organic Reflex Reactions

Automatic, involuntary responses of the organism to internal or external stimuli.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.