A company that focuses on the competitive advantage applies which strategySelect one:a.Market Share Strategyb.Corporate Strategyc.Business Strategyd.Growth Strategy
Question
A company that focuses on the competitive advantage applies which strategySelect one:a.Market Share Strategyb.Corporate Strategyc.Business Strategyd.Growth Strategy
Solution
The company that focuses on competitive advantage applies the Business Strategy. This strategy involves the company making specific choices about where it wants to compete and how it plans to win in those markets. It includes decisions about product and service mix, customer segments, geographical coverage, and value proposition. The goal of a business strategy is to achieve a sustainable competitive advantage and involves the development and reinforcement of the company's competitive position in the industry.
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