Competitive Strategy Quiz

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Questions and Answers

What does competitive strategy focus on?

  • Analyzing industries and competitors (correct)
  • Minimizing costs
  • Market expansion
  • Maximizing profits

What is the primary purpose of analyzing industries and competitors in competitive strategy?

  • To minimize employee turnover
  • To increase customer satisfaction
  • To maximize shareholder wealth
  • To identify opportunities and threats (correct)

Why is it important to analyze competitors in competitive strategy?

  • To imitate their every move
  • To understand their strengths and weaknesses (correct)
  • To ignore their strategies
  • To solely focus on internal capabilities

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