Which of the following is a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
A) Striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage
B) Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money
C) Developing expertise and resource strengths that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own
D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
E) All of these

Question

Quizplus · Accepted Answer

All of the listed choices are frequently used strategic approaches to setting a company apart from rivals and achieving a sustainable competitive advantage. Companies may choose to pursue one or more of these approaches depending on their resources, market position, and overall strategy.

Which of the Following Is a Frequently Used Strategic Approach