Competitive priorities define the dimensions on which the firm should excel with its products or services.Which one of the following statements regarding this concept is TRUE?
A) The strategy of emphasizing lower price is most appropriate when the product is highly differentiated.
B) McDonald's restaurants emphasize high-performance design quality rather than consistent quality.
C) All eight dimensions of competitive priorities should be equally emphasized in order to service the increasingly competitive market of the 1990s.
D) Often there are trade-offs among competitive priorities; thus, the best emphasis is situational.

Question

Quizplus · Accepted Answer

Competitive priorities are often conflicting and require trade-offs. Therefore, prioritizing one dimension over another may not always be the best strategy, and the optimal emphasis on competitive priorities may vary depending on the situation.

Competitive Priorities Define the Dimensions on Which the Firm Should