Which of the following strategies is most clearly related to how leading-edge companies respond to the challenges of their competitive environment?
A) developing long-term mutually beneficial relationships with customers
B) focusing primarily on the use of natural resources in the production process
C) lobbying for higher tariffs on foreign goods
D) keeping prices as low as possible

Question

Quizplus · Accepted Answer

Developing long-term mutually beneficial relationships with customers is a common strategy used by leading-edge companies to respond to the challenges of a competitive environment. By building strong relationships with customers, companies can differentiate themselves from their competitors, build a loyal customer base, and increase customer lifetime value. Focusing solely on the use of natural resources, lobbying for tariffs, or keeping prices low may be part of a company's strategy, but they are not the most effective or comprehensive ways to respond to a competitive environment.

Which of the Following Strategies Is Most Clearly Related to How