Which of the following is NOT a frequently used strategic approach to set a company apart from rivals and achieve a sustainable competitive advantage?
A) striving to be the industry's low-cost provider
B) outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers
C) developing a best-cost provider strategy that gives customers more value for the money
D) focusing on a narrow market niche and serving buyers' special needs and tastes
E) striving to be the industry's high-price provider
Correct Answer:
Verified
Q1: Which of the following is NOT one
Q2: The pattern of actions and business approaches
Q6: Every strategy needs
A)a distinctive element that attracts
Q7: A creative and distinctive strategy that sets
Q8: A company's strategy is NOT concerned with
Q9: In crafting a company's strategy, managers
A)face the
Q15: _ is the set of actions that
Q16: A company achieves a competitive advantage when
Q18: A company's strategy stands a better chance
Q19: A creative, distinctive strategy that delivers a
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