Organizations seek to gain a competitive advantage by differentiation, cost, or _________.
A) service
B) focus
C) profit
D) value
E) speed

Question

Quizplus · Accepted Answer

The options listed suggest different strategies organizations use to gain competitive advantage. Differentiation strategy focuses on offering unique or superior products or services to customers. Cost strategy focuses on providing products or services at a lower cost than competitors. Focus strategy is when an organization targets a specific market segment to meet their needs uniquely. Profit and value are outcomes of implementing a successful strategy, not a strategy itself. Speed can be an aspect of strategy, but it is not a standalone strategy. Therefore, the best choice is B - focus.

Organizations Seek to Gain a Competitive Advantage by Differentiation, Cost