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