Which of the following is NOT a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
A) Striving to be the industry's low-cost provider,thereby aiming for a cost-based competitive advantage.
B) Outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,more attractive styling,technological superiority,or unusually good value for the money.
C) Striving to be more profitable than rivals and aiming for a competitive edge based on bigger profit margins.
D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche.
E) Developing an advantage based on offering more value for the money.

Question

Quizplus · Accepted Answer

The other options (A, B, D, and E) are all commonly used strategic approaches to achieve a sustainable competitive advantage. However, striving to be more profitable than rivals by aiming for bigger profit margins is not a frequently used strategic approach, as profitability depends on a variety of factors and may not always be the primary goal of a company.

Which of the Following Is NOT a Frequently Used Strategic