SAT College

In times of an economic downturn, which type of business strategy is most effective for a company to create and sustain competitive advantage?

Answers

Answer 1

A business strategy which is most effective for a company to create and sustain competitive advantage is a differentiation strategy.

What is competitive advantage?

Competitive advantage can be defined as the factors, assets, conditions, or circumstances that allow a business firm (company) to manufacture finished goods or services better and perhaps, cheaper than other rival business firms (companies) operating within the same industry.

What is a business strategy?

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

The types of business strategy.

Generally, there are three (3) main types of business strategy and these include the following:

Cost Leadership business strategyDifferentiation business strategyFocus business strategy

In conclusion, we can reasonably infer and logically deduce that business strategy which is most effective for a company to create and sustain competitive advantage is a differentiation strategy.

Read more on competitive advantage here: brainly.com/question/26514848

#SPJ1

Related Questions

Other Questions
QuestionThe authors of both passages would most likely agree that molecular gastronomy cuisine isO artisticO unsatisfyingO desirableO tasteless True sexual self-consciousness, marked by the willful pursuit of information about sex and an understanding of what coitus actually entails typically begins during? Exercise 2 Correct the word in italics. If the word is correct, write C.I was all together astonished at the outcome of the story. Exercise 1 Draw a vertical line between the subject and predicate of each sentence. Underline each noun. Circle each verb. Label each participle P, each gerund G, and each infinitive I.Enjoying the crisp air, Miki rides her horse in the park. write an essay in about 120 words topic your best friend what his/her name and agewhere he/she liveswhen/how often you meethis/her talent or interestdescribe his/her personalitywhat about him/her makes them your best friend When we consider the effects of taxes and subsidies on the market for goods, services, and resources, we evaluate how taxes and subsidies affect:_____. In which environment(s) is a population of seed-eating birds likely to undergo adaptive radiation? check all that apply. An instrument can determine the half-life of an element with a 0.8% error. Radon-220 has a half-life of 52 s. What is the absolute error that could be expected measuring the half-life of radon-220? When civil servants share relevant information and decision rationale with stakeholders, they engage in? What is analysis that focuses on the ways in which processes can be designed to optimize interaction between firms and their customers?. What is the measurement of the angle shown below? respiraphotosynthesis are two of the major processes involved in cycling carbonthrough the carbon cycle. Examine the model. How does cellular respiration cycle carboncompounds through the biosphere? Choose the TWO choices that apply.SunlightCarbon CycleCO in theatmospherePhotosynthesisby producersPlantrespirationCarbon fixationby consumersAnimalrespirationDecompositionFossils and fossil fuelsFossil fuelcombustionCellular respiration absorbs carbon dioxide from the atmosphere.Cellular respiration releases carbon dioxide into the atmosphere.Cellular respiration uses carbon containing compounds to produce ATP.Cellular respiration absorbs carbon containing compounds from the soil.Cellular respiration releases carbon containing compounds into the soil. What is the narrator's function in Chesnutt's "The Goophered Grapevine"?He translates Uncle Julius's dialect for the reader to better understand.He translates the antics of the conjure woman for non-Southerners to understand.He helps the reader understand the history and process of growing grapes.He helps the reader recognize Uncle Julius's intelligence. (2x6)^3/2 in simplest form I need help with this its still confusing Find all points having a -coordinate of whosedistance from the point is . An option contract that is exercisable only on the expiration date is a(n)? a spot contract b american contract c european contract d cash contract RS=6y+3,ST=5y+9 and RT=78What is are and ST 20% in fraction form Carry out these steps, and record your findings in the table.1. Pour water to the 2.0 mL mark in the graduated cylinder. If you look at the graduated cylinder fromthe side, you will see the water forms a curve, Make sure the bottom of the curve is at the 2.0 mLmark.2. Use the gram scale to measure the mass of the graduated cylinder and 2.0 mL of water. Record themass in the table. Calculate the mass of 2.0 mL of water by subtracting the mass of the graduatedcylinder.3. Repeat this process to find and record the mass of 4.0 mL of water and then 6.0 mL of water.4. Density is mass in grams divided by volume in cubic centimeters (cm). 1 mL