How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Steve Your Own Question

Steve, MBA
Category: Multiple Problems
Satisfied Customers: 22784
Experience:  MBA
Type Your Multiple Problems Question Here...
Steve is online now
A new question is answered every 9 seconds

A company's competitive strategy deals with

Resolved Question:

Last ones - thank you so much....
A company's competitive strategy deals with
a. which weapons it plans to use in outmaneuvering rivals and achieving bigger sales volumes.
b. the specifics of management's game plan for competing successfully - how it intends to please customers, offensive and defensive moves to counter the maneuvers of rivals, reactions and responses to whatever market conditions prevail at the moment, and initiatives undertaken to improve the company's market position and achieve a competitive advantage.
c. what business, functional area, and operating-level strategies it will employ to execute its customer service proposition and profit proposition.
d. what actions, if any, the company is taking to change its position on the industry's strategic group map
e. the operating strategies it will employ to defend against the five competitive forces.

Focused strategies keyed either to low-cost or differentiation are especially appropriate for situations where
a. the industry contains five or more well-defined market segments and most buyers are either price sensitive or value-conscious.
b. the industry has many different niches and segments, thereby allowing a focuser to pick a competitively attractive niche suited to its resource strengths and capabilities and where few, if any, other rivals are attempting to specialize in the same target segment.
c. the industry is growing rapidly, a company can achieve a big enough volume to fully capture all the available scale economies, and the product offerings of most rival sellers are weakly differentiated.
d. buyers have low costs in switching from one seller’s brand to another, buyer bargaining power is relatively strong, and buyers needs and uses of the product are diverse.
e. not many buyers are price sensitive or value-conscious and where no other industry participants are also pursuing some type of focused strategy.

Which of the following is not one of the pitfalls of pursuing a differentiation strategy?
a. Trying to charge too high a price premium for the differentiating features
b. Overspending on efforts to differentiate the company's product offering, thus eroding profitability
c. Either differentiating on features or attributes that rivals can easily copy or else differentiating on the basis of attributes that produce an unenthusiastic buyer response (because they do not perceive the differentiating features as valuable or worth paying for).
d. Trying to strongly differentiate the company's product from those of rivals rather than be content with weak product differentiation
e. Adding so many frills and extra features that the product exceeds the needs and use patterns of most buyers

Which of the following statements about a best-cost provider strategy is false?
a. A best-cost provider strategy aims at attracting buyers on the basis of having the industry’s overall best-performing product at a price that is slightly below the industry-average price.
b. The competitive advantage of a best-cost provider is lower costs than rivals in incorporating upscale attributes, thus putting the company in a position to underprice rivals whose products have similar upscale attributes.
c. The target market for a best-cost provider is value-conscious buyers—buyers looking for appealing extras and functionality at an appealingly low price.
d. A company enjoys “best cost” status when it is able to incorporate appealing features, good-to-excellent product performance or quality, or more satisfying customer service into its product offering at a lower cost than rivals whose product offerings have similar upscale attributes—it is the low-cost provider of a product or service with upscale attributes.
e. Unless a company has the resources, know-how, and capabilities to incorporate upscale product or service attributes at a lower cost than rivals, adopting a best-cost strategy is ill-advised.

Which of the following is not among the best routes to achieving a sustainable competitive advantage via differentiation?
a. Incorporating features that enhance buyer satisfaction in intangible or non-economic ways
b. Appealing to buyers who are sophisticated and shop hard for the best, ***** ***** attributes
c. Emphasizing product attributes and user features that lower the buyer's overall costs of using the company's product
d. Incorporating features that raise product performance and deliver added value to the buyer/end-user
e. Delivering value to customers on the basis of competencies and competitive capabilities that rivals don't have or can't afford to match

Submitted: 4 years ago.
Category: Multiple Problems
Expert:  Steve replied 4 years ago.

b b d a b

Steve, MBA
Satisfied Customers: 22784
Experience: MBA
Steve and other Multiple Problems Specialists are ready to help you

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Previous | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

Meet The Experts:

  • linda_us


    Master's Degree

    Satisfied Customers:

    A tutor for Business, Finance, Accounts and other related topics.
< Last | Next >
  • linda_us's Avatar


    Master's Degree

    Satisfied Customers:

    A tutor for Business, Finance, Accounts and other related topics.
  • F. Naz's Avatar

    F. Naz


    Satisfied Customers:

    have completed B.Com and CA Finalist
  • Mr. Gregory White's Avatar

    Mr. Gregory White

    Master's Degree

    Satisfied Customers:

    M.A., M.S. Education / Educational Administration
  • Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Bachelor's Degree

    Satisfied Customers:

    Completed by BA degree in 1988 and graduated with a GPA of 4.0
  • Bizhelp's Avatar



    Satisfied Customers:

    BA degree and Certified Public Accountant
  • MyVirtualCPA's Avatar


    Master's Degree

    Satisfied Customers:

    Master's degree holder who loves to help you understand your MC homework problems
  • Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Doctoral Degree

    Satisfied Customers:

    JD/MBA, Business Attorney

Related Multiple Problems Questions