An organization responds to the structure of its industry by choosing a ________ strategy.
A) competitive
B) growth
C) leadership
D) diversification

Question

Quizplus · Accepted Answer

An organization's strategy is influenced by the structure of the industry in which it operates. The competitive strategy aims to gain a competitive advantage over rivals in the industry. This is achieved by offering better products or services, lowering costs, or developing a differentiation strategy. A growth strategy focuses on increasing the size of the company through expansion or acquisitions, while a leadership strategy focuses on being the industry leader in terms of market share or innovation. Diversification strategy involves expanding the company's operations into new markets or industries. However, the question is asking for the strategy that responds to the industry's structure, and the competitive strategy is the best answer for that.

An Organization Responds to the Structure of Its Industry by Choosing