Multiple Choice
Which of the following is an example of a competitive strategy employed by a firm?
A) increasing the price of its product when raw material prices increase
B) laying off staff in order to cut down costs during a recession period
C) advertising its products nationwide like its competitor organizations
D) launching a unique product targeted at a section of consumers
Correct Answer:
Verified
Correct Answer:
Verified
Q27: The difference between the value that an
Q28: What are the four competitive strategies based
Q29: Competitive strategy determines an organization's value chain.
Q30: Which of the following is TRUE of
Q31: Support activities contribute directly to the production,
Q33: Describe Porter's five forces model.
Q34: Porter's model of business activities includes _,
Q35: The bargaining power of _ is one
Q36: A company uses the outbound logistics activity
Q37: Value chain activities are not dependent on