One of the keys to successful strategy-making is
A) to come up with one or more strategy elements that act as a magnet to draw customers and yield a lasting competitive edge.
B) to aggressively pursue all of the growth opportunities the company can identify.
C) to develop a product/service with more innovative performance features than what rivals are offering and to provide customers with better after-the-sale service.
D) to come up with a business model that enables a company to earn bigger profits per unit sold than rivals.
E) to charge a lower price than rivals and thereby win sales and market share away from rivals.

Question

Quizplus · Accepted Answer

Coming up with a unique and effective strategy element can differentiate a company from its competitors and attract customers. This approach focuses on creating a lasting competitive advantage rather than simply chasing growth opportunities or relying on pricing tactics.

One of the Keys to Successful Strategy-Making Is