Competing in the marketplace on the basis of a competitive advantage: a) involves either giving buyers what...

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Finance

Competing in the marketplace on the basis of a competitiveadvantage:
a) involves either giving buyers what they perceive as superiorvalue compared to the offerings of rival sellers or giving buyersthe same value as others at a lower cost to the firm
b) provides the basis for a longer, sustainable growth
c) gives buyers an immediate preference for a company's productsor services over those of competitors and enables the company todominate its competitors.
d) deals with how management plans to maximize profits while, atthe same time, operating in a socially responsible manner thatkeeps the company's prices as low as possible.
e) means that a company has to offer the lowest price fordifferentiated goods that at least match the feature andperformance of higher-priced rival brands.

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All the 5 cases mentioned above are about five generic competitive strategies THE FIVE GENERIC COMPETITIVE STRATEGIES There are countless variations in the competitive strategies that companies employ mainly because each companys strategic approach entails customdesigned action to fit its own circumstances and industry environment The customtailored nature of each companys strategy makes the chances remote that any two companieseven companies in See Answer

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