An organization responds to the structure of its industry by choosing a(n)________ strategy.
A)competitive
B)growth
C)leadership
D)operational

Question

Quizplus · Accepted Answer

A competitive strategy is the most appropriate response to the structure of the industry, as it focuses on gaining a competitive advantage over rivals through differentiation, cost advantage, or a combination of both. This strategy is essential for survival and success in industries with intense competition, tight profit margins, and a large number of competitors. A growth strategy focuses on expanding the company's market share, revenue, and profitability, whereas a leadership strategy focuses on becoming a dominant player in the industry. An operational strategy emphasizes operational efficiency and effectiveness to reduce costs, increase productivity, and enhance customer satisfaction. While these strategies are important, they do not necessarily respond to the structure of the industry.

An Organization Responds to the Structure of Its Industry by Choosing