A competitive strategy of an organisation determines its ________.
A)value chains
B)short-term goals
C)industry rivals
D)structure

Question

Quizplus · Accepted Answer

A competitive strategy of an organisation determines its value chains, which includes the activities and processes involved in bringing a product or service to the market. A company's value chain can give it a competitive advantage by enabling it to produce goods or services at the lowest cost, differentiate its offerings from those of competitors, or focus on a particular segment of the market. Short-term goals, industry rivals, and structure are all important factors to consider when developing a competitive strategy, but they do not determine the strategy itself.

A Competitive Strategy of an Organisation Determines Its ________