Proven approaches to winning a sustainable competitive advantage include which of the following?
A) Strategies keyed to developing a low-cost-based advantage.
B) Strategies keyed to creating a broad differentiation-based advantage.
C) Focusing on a narrow market niche within an industry.
D) Developing a best-cost provider strategy.
E) All of these.

Question

Quizplus · Accepted Answer

All of these strategies have been proven to create a sustainable competitive advantage. Developing a low-cost-based advantage allows a company to offer lower prices than competitors, creating a cost advantage. Creating a broad differentiation-based advantage makes a company's product or service unique, creating a differentiating advantage. Focusing on a narrow market niche allows a company to specialize and tailor its offerings to a specific group of customers. Developing a best-cost provider strategy allows a company to offer a high-quality product or service at a lower cost than competitors, creating a combination of cost and differentiation advantages.

Proven Approaches to Winning a Sustainable Competitive Advantage Include Which