Question: The text provides three primary strategic approaches ( differentiation , cost , and response ) for achieving competitive advantage. Provide an example of each. Support

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

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!