Question 4 Good strategy and good strategy execution are the most telling and trustworthy signs of good management. are surefire guarantees for avoiding periods of weak financial performance. are the two best signs that a company has an excellent business model. are the best pathways to market leadership, total customer satisfaction, superior profit margins, and maximization of shareholder wealth. are reliable indicators that a company enjoys a sustainable competitive advantage. Question 5 The difference between a company's strategy and a company's business model is that a company's strategy concerns how to differentiate its product offering from the offerings of rival companies while its business model concerns how to operate cost-efficiently and profitably. the strategy concerns how to compete successfully and the business model concerns how to operate cost-efficiently. a company's strategy concerns how it intends to deliver value to customers whereas a company's business model concerns how to deliver value to the owners of the business. its strategy is defined by the specific market positioning, competitive moves, and business approaches management employs to try to produce good business results while its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit. a company's strategy is its game plan for achieving operating efficiency while its business model is management's game plan for satisfying shareholder expectations for attractive revenue growth and excellent long-term profitability. Question 6 A company's strategy and its quest for competitive advantage are tightly connected because without a good strategy and a sizable competitive advantage over many of its rivals a company cannot have a profitable business model. how a company goes about trying to please customers and outcompete rivals determines whether a company will satisfy shareholders' expectations for good profitability. a competitive advantage is what enables a company to be profitable even in times of adverse economic conditions. both are essential to a company becoming and then remaining the industry's market share leader. a company is almost certain to earn significantly higher profits when it enjoys a competitive advantage as opposed to when it competes with no advantage or is hamstrung by competitive disadvantage