BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Competitive advantages that can also be gained by business that seek cooperation within or related industries is termed as ____
A
Alliance
B
Cost-leadership
C
Defensive strategy
D
Threats
Explanation: 

Detailed explanation-1: -Competitive advantages can also be gained by businesses that seek strategic alliances with other businesses in related industries or within the same industry. Businesses have to be careful not to cross the line between alliances and collusion, though.

Detailed explanation-2: -Your competitive advantage is the combination of marketing elements that sets your business apart. It’s about the unique benefit customers get when they do business with you. Practical examples include: free home delivery.

Detailed explanation-3: -The major types of competitive advantages include: Cost competitive strategy. Focused differentiation strategy. Niche strategies.

Detailed explanation-4: -There are three main types of sustainable competitive advantage: differentiation, cost leadership, and focus advantage.

Detailed explanation-5: -The three main types of competitive advantage are differentiation, cost advantages, and focus advantages.

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