To achieve competitive advantage, companies should develop strategies that:
A) target specific customers.
B) sprovide synergy.
C) focus on core competencies.
D) create value.
E) all of these.

Question

Quizplus · Accepted Answer

All of these strategies are important for achieving competitive advantage. Targeting specific customers allows for a more tailored approach and can lead to higher customer satisfaction and loyalty. Providing synergy through coordinated efforts and shared resources can lead to cost savings and a stronger overall performance. Focusing on core competencies allows companies to excel in areas where they have unique strengths and can create a competitive edge. Creating value through product differentiation, cost leadership, or other means can justify premium prices and attract customers. Therefore, companies should develop strategies that combine these elements to achieve a sustainable competitive advantage.

To Achieve Competitive Advantage, Companies Should Develop Strategies That