Which Strategy for Competitive Advantage Involves Offering Different Products, Services

question 1

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:

Lipogenesis

The metabolic process by which acetyl-CoA is converted to triglycerides for storage in fat.

Glycogenesis

Formation of glycogen from glucose molecules.

Gluconeogenesis

Formation of glucose from noncarbohydrates, such as proteins (amino acids) or lipids (glycerol).

Theory Of The Firm

Explanation of how a firm makes cost-minimizing production decisions and how its cost varies with its output.