To create a successful business model,managers must choose a set of business-level strategies that
A) allow the company to better compete with rivals within an industry.
B) help them decide what businesses to enter and exit.
C) help build an organizational structure that contains multiple businesses.
D) work together to give a company a competitive advantage over its rivals.
E) help it to diversify to better leverage distinctive competencies.

Question

Quizplus · Accepted Answer

A successful business model involves choosing a set of business-level strategies that work together to provide the company with a competitive advantage over its rivals in the industry. These strategies help the company differentiate itself, lower costs, and/or focus on a specific market segment or product/service. By choosing strategies that work together in a complementary way, the company can create a sustainable competitive advantage that allows it to outperform its rivals.

To Create a Successful Business Model,managers Must Choose a Set