In Addition to the Five Basic Competitive Strategies, the Text

question 45

Multiple Choice

In addition to the five basic competitive strategies, the text describes several key strategies implemented with information technology. Which of the following is not one of those strategies?

• A) Locking in customers
• B) Building switching costs
• C) Creating alliances
• D) Raising barriers to entry

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Definitions:

Raw Materials

The basic materials that are used in the production process of goods, which will be transformed into finished products.

Finished Goods

Items that have finished the production cycle and are available for purchase by consumers.

Forecast

The process of making predictions about future events or trends based on historical data and analysis.

Production Department

A division or area within a company where the manufacture of products or goods takes place.