Which of the Following Statements Best Describes Competitive Advantage

Which of the following statements best describes what a competitive advantage is. Which of the following statements best describes competitive advantage.

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Which of the following statements best describes competitive advantage.

. C- It refers to a firms strategy of selling new services to new customers. Is the benefits of a productservice as perceived by the customer. When products are unique or has a unique feature that no other product has companies who manufacture them can charge them for a higher price and people would still buy them.

Leaders create the vision in the abstract by formulating strategies that enhance the chances of gaining and sustaining competitive advantage before any actions of strategy implementation are taken in a second round of strategy creation. Which of the following statements best describes a business-level strategy. They depict a firms strength relative to its competitors.

Its purpose is to improve long-run profits by focusing on the most-profitable customers. When manufacturing costs are at the lowest there will be higher gross profit. The lower gross profit companies are those that can manufacture their products at the lowest cost.

Which of the following statements best describes the purpose of customer profitability analysis. It refers to the pressure a supplier or buyer can exert on a company. A company that engages in a differentiation strategy aims to provide a product at as low a price as possible to a broad audience.

Do vision statements help firms gain and sustain competitive advantage. Competitive advantage is an absolute measure. Competitive advantage is permanent and not transitory.

They explain why firms allocate critical resources to achieve key objectives. Comparing Operating Characteristics Across Industries Following are selected income statement and balance sheet data for companies in different industries Cost of Stockholders Equity 13712 8693 millions Sales Gross Profit Net Income Assets Liabilities Target Corp Nike Inc. It is the advantage that occurs when a firm offers products to all customers at higher prices.

The determination of how a company will compete in a given business and position itself among its competitors TechPark a manufacturing company was in the process of formulating a strategy in an attempt to improve the firms competitive advantage. Trade-offs do not occur among the six sources of competitive advantage. The best companies choose one source of competitive advantage and perfect it.

The best companies choose one source of competitive advantage andperfect it. It is possible to improve quality and also enhancespeed. Once gained by a firm it stays with the firm.

Does not offer competitive advantage. The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away. It derives from a firms ability to create value for its customers that exceeds the cost of.

They can help firms modify and evolve processes to keep pace with environmental changes. When an organization is marketing several patented features and attributes When an organization boasts more core competences and success factors than its competitors. Which of the following statements is true about the strategies of competitive advantage.

A- It is an approach for creating competitive advantage within a single industry market or line of business. Competitive advantage can be assessed by measuring accounting profit shareholder value or economic value. Is best described as the benefits that the business chooses to give to customers through its productservice is the benefits of a productservice as perceived by the customer does not offer competitive advantage.

Classification of customers into customer categories for the purpose of determining strategies to maintain a sustainable competitive advantage for the. It refers to the pressure a supplier or buyer can exert on a company. Companies with strong dynamic capabilities have a less secure foundation for competitive advantage than those without them.

They refer to what a firm employs to create value and competitive advantage. In a low-cost focus strategy a firm attempts to target customers with special needs who have been underserved historically. Managing the sources of competitive advantage is a zero-sum game where one source suffers at the expense of the other.

It is the advantage that occurs when a firm offers products to all customers at higher prices. Competitive advantage is a one-dimensional concept. Select the most accurate statement.

Is best described as the benefits the business chooses to give to customers through its productservice. Which of the following statements best describes competitive advantage. Managing the sources of competitive advantage is a zero-sum game where one source suffers at the expense of the other.

It is possible to improve quality and also enhance speed. Harley Goods Sold 44157 10572 3663 2214 1487 655. It derives from a firms ability to create value for its customers that exceeds the cost of producing the product.

B- It refers to a firms strategy of selling existing products to new customers. It is not relative. Which of the following statements best describes a firms capabilities.

Which of the following statements best describes corporate strategy. Higher price would mean higher sales and consequently higher gross profit. When an organization has more features and attributes than their competitors.

Means value for money. They represent how firms do things. Which of the following statements is true of the sources of competitive advantage.

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