Question

Hocus Pocus Smoked Ribs has only one location and wants to exploit its competitive advantage, a very popular recipe for smoked meats. This means that it wants to: a.form multiple business-level strategies. b.create a single business-level strategy. c.implement a cooperative strategy. d.establish a global strategy.

Answer 1

b.create a single business-level strategy

Step-by-step explanation:

Analyzing the information above, it is correct to say that the company wants to create a unique business-level strategy.

This strategy occurs when the company has a competitive advantage and wants to exploit it, as in the case of Hocus Pocus Smoked Ribs, which has a very popular recipe for smoked meat.

So the company seeks to improve its production, marketing and development strategies to focus on its central differential, which is its meat recipe.

This is a strategy that can be advantageous because it strengthens the product delivered by the company, but it can also be risky because it presents inherent risks, such as the price of ingredients going up or missing, which can harm the entire competitive advantage of the business.