Which of the Following Is Not a Frequently Used Strategic

question 57

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)Simply trying to mimic the successful strategies of rivals
• 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 cannot easily imitate or trump with capabilities of their own

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Definitions:

Prohibited

Refers to actions or activities that are forbidden by law, regulation, or policy.

LIFO

"Last In, First Out," an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating how efficiently a company produces or buys its products.

Ending Inventory

The quantity and monetary value of unsold goods that a company has at the end of an accounting period, to be carried over as the beginning inventory of the next period.