Niche differentiation Study guides, Class notes & Summaries

Define competitive strategy - Answer-Specific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - Answer-To build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - Answer--Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Best-cost provider Low-cost provider strategy - An...

GEB 4890 Exam 1 (CH 1, 2, 3, 4, 5&6) Already Graded A company strategy the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors--reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for setting ...

GEB 4890 - Exam 2 Latest Already Passed business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to a broad sp...

WGU C432 Healthcare Management and Strategy Already Passed Acquisition The purchase (or merger) of an existing organization broad differentiation strategy type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy type of strategy aimed at providing low-cost products to a broad customer segment Business model the underlying structure of an organization; the means through w...

business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to a broad spectrum of buyers focused low-cost strate...

A - What is a generic business strategy? A. a general way of positioning a firm's business-level strategy within an industry B. a general way of positioning a firm's business-level strategy to penetrate an international market C. a general strategy that positions your firm in a competitive position within an industry D. all of the above A - What are the two dimensions on which generic business strategies are classified? A. breadth of competitive scope/source of competitive advantag...

business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to a broad spectrum of buyers focused low-cost strate...

WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) Total Rewards - ANSWER - Refers to all forms of pay and compensation. Three forms of rewards - ANSWER - - Cash - Benefits - Intangibles Strategy - ANSWER - Process by which an organization decided which products and services to sell Cash Compensation - ANSWER - Monetary pay that employees receive in ...

GEB 4890 Exam 2 Questions With Verified Answers Define competitive strategy - answerSpecific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - answerTo build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - answer-Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Bes...

Business Strategy the firm's working plan for achieving its vision, prioritizing objectives, competing successfully and optimizing financial performance with its business model Generic Strategies one is based on achieving lower costs than rivals, a second is based on differentiation from the competition and another is appealing to a narrow market segment within an industry. these can also be combined with each other Low Cost Provider Strategy striving to achieve broad lower ove...