If a business had strategy based on its core competencies, this would be termed a _ _ strategy whereas, if a business had strategy based on cost leadership, this would be termed a strategy.

Question

If a business had strategy based on its core competencies, this would be termed a _ 	_ strategy whereas, if a business had strategy based on cost leadership, this would be termed a 	 strategy.

Quizplus · Accepted Answer

A resource-based strategy focuses on leveraging a company's internal capabilities and strengths, while a market-based strategy, such as cost leadership, focuses on achieving a competitive advantage through aspects like pricing strategies in the market.

If a Business Had Strategy Based on Its Core Competencies