Which of the following is a key for companies when choosing a competitive strategy?
A) It is essential for companies to commit to more than one strategy at a time.
B) The competitive strategy of companies must be distinctive and maintainable.
C) Companies must sell products at the highest price to become a cost leader.
D) Companies should try to imitate the competitive strategies of competitors.

Question

Quizplus · Accepted Answer

A distinctive and maintainable competitive strategy is crucial for companies to distinguish themselves from their competitors and maintain a sustainable competitive advantage. Committing to more than one strategy can lead to a lack of focus, and trying to imitate competitors may not result in a unique strategy. Selling products at the highest price is not necessary to become a cost leader, which involves minimizing costs while maintaining quality.

Which of the Following Is a Key for Companies When