Strategic approaches to set a company apart from rivals and achieve a sustainable competitive advantage are not likely to include
A)striving to be the industry's low-cost provider.
B)outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers.
C)developing a best-cost provider strategy that gives customers more value for the money.
D)focusing on a narrow market niche and serving buyers' special needs and tastes.
E)striving to be the industry's high-price provider.

Question

Quizplus · Accepted Answer

Striving to be the industry's high-price provider is not a sustainable competitive advantage, as it does not necessarily provide more value to customers or differentiate the company from rivals. A company that solely focuses on high pricing may lose customers to competitors who offer similar products or services at more reasonable prices. Additionally, it is difficult to maintain a high-price strategy in the long term without constantly innovating and improving the value of the product or service offered.

Strategic Approaches to Set a Company Apart from Rivals and Achieve