An Approach to Competitive Advantage That Exploits Weaknesses in Competitors

question 67

Multiple Choice

An approach to competitive advantage that exploits weaknesses in competitors' narrow-focus strategies is called a ________ strategy.

• A)loose bricks
• B)collaboration
• C)layers of advantage
• D)supplier power
• E)generic

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Definitions:

Capital Intensive Techniques

Production methods that require a higher investment in physical capital rather than labor.

Payroll Tax

Impositions required from employers or employees, consistently based on a proportion of the payment to laborers.

Net Profits

The amount of money remaining after all operating expenses, taxes, and dividends have been deducted from total revenue.