To stay one step ahead of the forces of competition,a firm can adopt any one of these strategies except
A)Cost reduction
B)Product differentiation
C)Operating where marginal benefits equal marginal costs
D)Develop non-fungible valuable resources

Question

​To stay one step ahead of the forces of competition,a firm can adopt any one of these strategies except
A)​Cost reduction
B)Product differentiation
C)Operating where marginal benefits equal marginal costs
D)​Develop non-fungible valuable resources

Quizplus · Accepted Answer

Operating where marginal benefits equal marginal costs is not a competitive strategy, but rather a principle for optimizing profits in the short run. Cost reduction, product differentiation, and developing non-fungible valuable resources are all competitive strategies that can help a firm gain a competitive advantage over rivals.

​To Stay One Step Ahead of the Forces of Competition,a

To Stay One Step Ahead of the Forces of Competition,a