Which of the following is a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
A) striving to be the industry's low-cost provider,thereby aiming for a cost-based competitive advantage
B) outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,more attractive styling,or technological superiority
C) developing competitively valuable resources and capabilities that rivals can't easily match,copy,or trump with capabilities of their own
D) focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
E) All of these choices are correct.

Question

Quizplus · Accepted Answer

These are four out of five of the most frequently used and dependable strategic approaches to setting a company apart from rivals and winning a sustainable competitive advantage.Clever rivals can nearly always copy the attributes of a popular product or service,but it is substantially more difficult for rivals to match the know-how and specialized capabilities a company has developed and perfected over a long period.

Which of the Following Is a Frequently Used Strategic Approach