Capstone Chapter 5 Latest Questions and Answers Rated 100% Correct
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Course
Capstone
Institution
Capstone
There are several basic approaches to competing successfully and gaining a
competitive advantage over rivals, such as:
<~~> delivering more value to its customers than rivals or delivering
value more efficiently than rivals (or both).
A company's competitive strategy deals with:
<...
✓ <~~> One that is customized to fit the macro-environment, industry
and competitive conditions, and the company's own resources and
competitive capabilities
A low-cost leader's basis for competitive advantage is:
✓ <~~> meaningfully lower overall costs than rivals on comparable
products.
Low-cost leaders, who have the lowest industry costs, are exceptionally good
at finding ways to drive costs out of their businesses and still provide a
product or service that buyers find acceptable:
✓ <~~> positioned to deliver affordable luxury products at mass market
quality.
How valuable a low-cost leader's cost advantage is depends on:
✓ <~~> whether it is easy or inexpensive for rivals to copy the low-cost
leader's methods or otherwise match its low costs.
A low-cost leader translates its low-cost advantage over rivals into superior
profit performance by:
Master01 | September, 2024/2025 | Latest update
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