Although There Are Many Routes to Competitive Advantage,the Two Biggest

question 32

Multiple Choice

Although there are many routes to competitive advantage,the two biggest factors that distinguish one competitive strategy from another are

• A)whether a company's overall costs are lower than a competitors' and whether the company can achieve strong product differentiation.
• B)whether a company can offer the lowest possible prices and whether the company can get the best suppliers in the market.
• C)whether a company's target market is broad or narrow and whether the company is pursuing a low cost or differentiation strategy.
• D)whether a company can achieve lower costs than its rivals and whether the company is pursuing the industry's sales and market share leader's role.
• E)whether a company can build a brand name and an image that buyers trust.

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Definitions:

Census 2000

The United States Census conducted in the year 2000 to count and collect information about the country's population.

Nevada

A state located in the western United States, known for its vast deserts, Sierra Nevada mountains, and the entertainment hub of Las Vegas.

Bill Clinton

The 42nd President of the United States, serving from 1993 to 2001, known for his economic policies, the impeachment proceedings related to his personal life, and various global initiatives.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often involving the exchange of goods, services, technology, and cultural ideas.