Choosing between a differentiation strategy and an overall cost leadership strategy is an example of a(n)____________.
A) plan
B) objective
C) alternative
D) decision
E) strategy

Question

Quizplus · Accepted Answer

Choosing between a differentiation strategy and an overall cost leadership strategy is an example of a decision. It involves analyzing the market and the company's strengths and weaknesses to make the best strategic choice for the company's future success. The best choice depends on factors such as the industry, competition, consumer preferences, and resources available to the company. Therefore, there is no one-size-fits-all answer, and each company must evaluate its situation to determine the best strategy to pursue.

Choosing Between a Differentiation Strategy and an Overall Cost Leadership