According to the authors, which of the following strategic concepts allow firms to achieve their missions?
A) productivity, efficiency, and quality leadership
B) differentiation, cost leadership, and response
C) differentiation, quality leadership, and response
D) distinctive competency, cost leadership, and experience
E) differentiation, distinctive competency, quality leadership, and capacity

Question

Quizplus · Accepted Answer

Differentiation, cost leadership, and response are strategic concepts that allow firms to achieve their missions by providing unique products or services, being the lowest cost producer, and being able to respond quickly to market changes or customer needs, respectively.

According to the Authors, Which of the Following Strategic Concepts