Competitive Advantage Quiz: Differentiation or Lowest Delivered Cost
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Questions and Answers

Which of the following is a source of competitive advantage according to the text?

  • Differentiation
  • Lowest delivered cost
  • Differentiation or lowest delivered cost (correct)
  • None of the above

    • What is a possible way to gain competitive advantage based on the text?

  • Providing unique features that customers value (correct)
  • Lowering prices without any differentiation
  • Maintaining the same offerings as competitors
  • Reducing quality to lower costs

    • How can a company strive for competitive advantage as described in the text?

  • By avoiding any form of differentiation or cost leadership
  • By increasing operational inefficiencies to stand out
  • By choosing between differentiation or lowest delivered cost strategy (correct)
  • By offering the same products as competitors at higher prices

    • What is another term for achieving competitive advantage through offering unique products or services?

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