Question: GEMENT - 6 1 6 4 7 The text provides three primary strategic approaches ( differentiation , cost , and response ) for achieving competitive

GEMENT-61647
The text provides three primary strategic approaches (differentiation, cost, and response) for achieving competitive advantage. Provide an example of each. Support your choices.
Choose the correct example of differentiation and its explanation below.
A. FedEx, as it specializes only in delivering high importance documents.
B. Hunter Fan, as it guarantees delivery in 3 days.
C. FedEx, as it guarantees specific delivery schedules.
D. Hunter Fan, as it's a premier maker of quality ceiling fans that lower heating and cooling costs for its custome Choose the correct example of cost leadership and its explanation below.
A. Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread.
B. Hard Rock, as it engages the customer with classic rock music.
C. Wal-Mart, as it provides fast product delivery to the customers.
D. Wal-Mart, as it has the low overhead and huge buying power to pressure its suppliers into concessions.
Choose the correct example of response and its explanation below.
A. FedEx, as it specializes only in delivering high importance documents.
B. Hard Rock, as it engages the customer with classic rock music.
C. FedEx, as it guarantees specific delivery schedules,
D. Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread.
 GEMENT-61647 The text provides three primary strategic approaches (differentiation, cost, and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!