A company achieves a competitive advantage when it a

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Business & Society: Ethics, Sustainability & Stakeholder Management
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Chapter 3 / Exercise 4
Business & Society: Ethics, Sustainability & Stakeholder Management
Buchholtz/Carroll
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16. A company achieves a competitive advantage when it: A. provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. B. has a profitable business model. C. is able to maximize shareholder wealth. D. is consistently able to achieve both its strategic and financial objectives. E. has a strategy well-matched to its business model.
17. A creative and distinctive strategy that sets a company apart from rivals and that gives it a sustainable competitive advantage:
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Business & Society: Ethics, Sustainability & Stakeholder Management
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Chapter 3 / Exercise 4
Business & Society: Ethics, Sustainability & Stakeholder Management
Buchholtz/Carroll
Expert Verified
18. What separates a powerful strategy from a run-of-the-mill or ineffective one is:
19. Telsteer Mobil, a smartphone manufacturer, is working on developing its next-generation products. It has decided on a strategy of focusing on a narrow buyer segment and outcompeting rivals by offering buyers customized product features for specialized needs and tastes. What basic strategic approach has Telsteer decided upon?
20. Which of the following is NOT a frequently used strategic approach to set a company apart from rivals and achieve a sustainable competitive advantage? A. Striving to be the industry's low-cost provider B. Outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers C. Developing a best-cost provider strategy that gives customers more value for the money D. Focusing on a narrow market niche and serving buyers' special needs and tastes E. Striving to be the industry's high-price provider

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