The key to building a competitive advantage with either a low-cost or differentiation strategy is:
A) the external environment accepts the firm's choice of strategy
B) the strategy chosen is the standard for the industry
C) that the various strategic capabilities of the firm are consistent with the strategy
D) that process innovation be applied throughout the firm to increase efficiency
E) cutting-edge products become the norm

Question

Quizplus · Accepted Answer

The key to building a competitive advantage is ensuring that the firm's strategic capabilities align with and support the chosen strategy, whether it is low-cost or differentiation. This alignment ensures that the firm can effectively implement and sustain the strategy.

The Key to Building a Competitive Advantage with Either a Low-Cost