Which of the following is an organizational strategy based on competitive advantage?
A) Cost leadership strategy
B) Market penetration strategy
C) Market diversification strategy
D) Product development strategy

Question

Quizplus · Accepted Answer

Competitive advantage is an ability to outperform competitors in providing something that the market values. Porter suggests that firms should first analyze their industry and then develop either a cost leadership strategy or a strategy based on differentiation, which are the two organizational strategies based on competitive advantage.

Which of the Following Is an Organizational Strategy Based on Competitive