Which Strategy for Competitive Advantage Involves Offering Different Products, Services

question 64

Multiple Choice

Which strategy for competitive advantage involves offering different products, services, or product features?

• A) cost leadership
• B) differentiation
• C) innovation
• D) operational effectiveness
• E) customer-orientation

---

Definitions:

Job Prospects

The potential for employment and career advancement in a particular field or industry.

Rumored Merger

Speculation or unconfirmed reports about two or more companies planning to combine their operations.

Job Loss

Job loss occurs when an individual's employment is terminated, either due to layoffs, dismissal, or company closures, resulting in unemployment for the affected person.

HR Workers

Employees within the HR Department responsible for executing various human resources functions such as recruitment, employee relations, and payroll.