While there are many routes to competitive advantage, the two biggest factors that distinguish one competitive strategy from another are
A) whether a company can build a brand name and an image that buyers trust.
B) whether a company's target market is broad or narrow and whether the company is pursuing a low-cost or differentiation strategy.
C) whether a company can achieve lower costs than rivals and whether the company is pursuing the industry's sales and market share leader's role.
D) whether a company can offer the lowest possible prices and whether the company can get the best suppliers in the market.
E) whether a company's overall costs are lower than competitors' and whether the company can achieve strong product differentiation.
Correct Answer:
Verified
Q2: A company's competitive strategy should
A)ensure it is
Q3: A fast-food restaurant stocks bread, meat, sauces,
Q4: The generic types of competitive strategies include
A)market
Q5: How valuable a low-cost leader's cost advantage
Q6: Domino's Pizza has a well-known slogan: "We'll
Q7: Whatever strategic approach is adopted by a
Q8: A boutique hotel chain provides upscale rooms
Q9: Achieving a sure-cost advantage over rivals entails
A)concentrating
Q10: All other things being equal, the "best"
Q11: Low-cost leaders who have the lowest industry
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