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 quick response
C) differentiation, quality leadership, and quick response
D) distinctive competency, cost leadership, and experience
E) differentiation, distinctive competency, quality leadership, and capacity

Question

Quizplus · Accepted Answer

Differentiation, cost leadership, and quick response are strategic concepts that allow firms to achieve their missions by providing unique products or services, minimizing costs to offer competitive prices, and rapidly responding to market changes or customer needs, respectively.

According to the Authors, Which of the Following Strategic Concepts