Which one of the following generic types of competitive strategy is typically the best strategy for a company to employ?
A) A low-cost leadership strategy
B) A broad differentiation strategy
C) A best-cost provider strategy
D) A focused low-cost provider strategy
E) There is no such thing as a "best" competitive strategy; a company's "best" strategy is always one that is customized to fit both industry and competitive conditions and the company's own resources and competitive capabilities.

Question

Quizplus · Accepted Answer

The best competitive strategy for a company depends on various factors such as industry, competition, and the company's resources and capabilities. Hence, there is no universally applicable "best" strategy. A company must customize its strategy to fit its unique circumstances.

Which One of the Following Generic Types of Competitive Strategy