To improve performance,there are many different avenues for outcompeting rivals such as:
A) realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.
B) creating products analogous with competitors so as to be competitive in the same markets.
C) pursuing similar personalized customer service or quality dimensions as rivals.
D) confining operations to local or regional markets or developing product superiority or concentrating on a narrow product lineup.
E) strengthening competitiveness by restricting strategic alliances and collaborative partnerships when compared to rivals.

Question

Quizplus · Accepted Answer

Confining operations to local or regional markets or developing product superiority or concentrating on a narrow product lineup can help a company differentiate itself from competitors and achieve a competitive advantage. By focusing on a niche market or product, the company can become known as the go-to provider for that specific need, which can lead to increased sales and profits. This strategy is often referred to as a focused differentiation strategy. The other choices either do not prioritize performance or do not necessarily lead to outcompeting rivals.

To Improve Performance,there Are Many Different Avenues for Outcompeting Rivals