Which of the Following Statements Best Describes Competitive Advantage

C- It refers to a firms strategy of selling new services to new customers. Which of the following statements is true about the strategies of competitive advantage.

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. They can help firms modify and evolve processes to keep pace with environmental changes. It is the advantage that occurs when a firm offers products to all customers at higher prices. 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.

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. Which of the following statements is true of the sources of competitive advantage. Is best described as the benefits the business chooses to give to customers through its productservice.

Which of the following statements best describes a firms capabilities. Select the most accurate statement. Is the benefits of a productservice as perceived by the customer.

In a low-cost focus strategy a firm attempts to target customers with special needs who have been underserved historically. It derives from a firms ability to create value for its customers that exceeds the cost of. B- It refers to a firms strategy of selling existing products to new customers.

B Which of the following statements about business models best describes the differences in gross and net profit margin that we observe. Which of the following statements best describes corporate strategy. It is not relative.

A company that engages in a differentiation strategy aims to provide a product at as low a price as possible to a broad audience. The best companies choose one source of competitive advantage andperfect it. Once gained by a firm it stays with the firm.

Which of the following statements best describes competitive advantage. When an organization possesses a differential value versus its competitors with respect to a key success factor or core competency correct All of the above are competitive advantages. Trade-offs do not occur among the six sources of competitive advantage.

Competitive advantage is a one-dimensional concept. Which of the following statements best describes competitive advantage. 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.

Competitive advantage is permanent and not transitory. It refers to the pressure a supplier or buyer can exert on a company. It is possible to improve quality and also enhancespeed.

When an organization boasts more core competences and success factors than its competitors. Its purpose is to improve long-run profits by focusing on the most-profitable customers. It is possible to improve quality and also enhance speed.

They represent how firms do things. Do vision statements help firms gain and sustain competitive advantage. Which of the following statements best describes a business-level strategy.

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. Managing the sources of competitive advantage is a zero-sum game where one source suffers at the expense of the other. Which of the following statements best describes competitive advantage.

They depict a firms strength relative to its competitors. Classification of customers into customer categories for the purpose of determining strategies to maintain a sustainable competitive advantage for the. 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 refers to the pressure a supplier or buyer can exert on a company. B which of the following statements about business. They explain why firms allocate critical resources to achieve key objectives.

It derives from a firms ability to create value for its customers that exceeds the cost of producing the product. Which of the following statements best describes the purpose of customer profitability analysis. Does not offer competitive advantage.

A- It is an approach for creating competitive advantage within a single industry market or line of business. The best companies choose one source of competitive advantage and perfect it. Means value for money.

They refer to what a firm employs to create value and competitive advantage. Companies with strong dynamic capabilities have a less secure foundation for competitive advantage than those without them. Competitive advantage can be assessed by measuring accounting profit shareholder value or economic value.

It is the advantage that occurs when a firm offers products to all customers at higher prices. The lower gross profit companies are those that can manufacture their products at the lowest cost. 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.

Managing the sources of competitive advantage is a zero-sum game where one source suffers at the expense of the other. Competitive advantage is an absolute measure.

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