Which of the Following Is Not a Frequently Used Strategic

question 25

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) Striving to be more profitable than rivals by aiming for a competitive edge based on bigger profit margins

• 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:

Style of Life

A concept in Adlerian psychology referring to the unique way an individual navigates life's challenges and structures their personal life, shaped by early family experiences.

Bandura's Theory

A cognitive theory proposed by Albert Bandura, emphasizing the role of observational learning, imitation, and modeling in behavior.

Bandura's Theory

Albert Bandura's social learning theory, which emphasizes that people learn from one another via observation, imitation, and modeling, incorporating the importance of cognitive processes.

Reciprocal Determinism

A concept in psychology that suggests individual behavior is a result of interactions between personal factors, environmental influences, and behavior itself.