To improve performance,there are many different avenues for outcompeting rivals such as:
A) realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.
B) achieving products analogous with competitors so as to be competitive in the same markets.
C) pursing similar personalized customer service or quality dimensions as rivals.
D) confining their operations to local or regional markets or developing product superiority or even concentrating on a narrow product lineup.
E) None of these.

Question

Quizplus · Accepted Answer

By confining operations to local or regional markets, a company can establish its presence in a smaller area and focus on creating a strong reputation and product superiority. Additionally, by concentrating on a narrow product lineup, a company can become known as a specialist in that product, leading to more customers and potentially higher profits. These strategies allow for a more targeted and effective approach to outcompeting rivals.

To Improve Performance,there Are Many Different Avenues for Outcompeting Rivals