To improve performance, there are many different avenues for outcompeting rivals such as
A) realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.
B) creating products analogous with competitors so as to be competitive in the same markets.
C) pursuing similar personalized customer service or quality dimensions as rivals.
D) being undecided whether or not to concentrate operations on local versus global markets.
E) strengthening competitiveness by pursuing strategic alliances and collaborative partnerships.
Correct Answer:
Verified
Q2: The heart and soul of a company's
Q3: Managerial considerations in determining how to compete
Q4: A company's strategy consists of the action
Q5: Strategic approaches to set a company apart
Q6: Every strategy needs
A)a distinctive element that attracts
Q7: A creative and distinctive strategy that sets
Q8: A company's strategy is NOT concerned with
Q9: In crafting a company's strategy, managers
A)face the
Q10: Strategy, at its essence, is about
A)matching rival
Q11: What separates a powerful strategy from a
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