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Questions and Answers
Which of the following is a source of competitive advantage according to the text?
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?
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?
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?
What is another term for achieving competitive advantage through offering unique products or services?
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