Which of the Following Is a Not a Frequently Used

question 25

Multiple Choice

Which of the following is a not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

• A)Striving to be the industry's low-cost provider,thereby 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,more attractive styling,or technological superiority
• C)Pursuing a best-cost strategy,giving customers more value for the money by satisfying buyers' expectations on key quality/features/performance/service attributes,while beating their price expectations
• D)Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
• E)Copying rivals on their competitive moves

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Definitions:

Gift Exchange

A strong tradition in many cultures, in which giving gifts creates a future obligation to the receiver; it can also be a rite of passage into an inner circle.

Sense Of Obligation

A feeling of duty or responsibility that motivates individuals to act in certain ways, often driven by moral, societal, or personal standards.

Social Problems

Issues that adversely affect the well-being of a significant number of people in a society, and that are often the subject of public debate and policy efforts.

Excuse

An explanation offered as a reason or justification for a fault or offense.