Question

A company's competitive strategy involves

A. specific action management plans to develop a better value chain than rivals have.
B. how it plans to unify its functional and operating strategies into a cohesive effort aimed at successfully taking customers away from rivals.
C. specific action management that intends to strongly differentiate its product offering from the offerings of rival companies in the industry.
D. its plans for underpricing rivals and achieving product superiority.
E. the specifics of management’s game plan for competing successfully.

Answer 1

A company's competitive strategy involves specific action management that intends to strongly differentiate its product offering from the offerings of rival companies in the industry.

Step-by-step explanation:

The correct answer is C. A company's competitive strategy involves specific action management that intends to strongly differentiate its product offering from the offerings of rival companies in the industry. This strategy aims to make consumers perceive the company's products as unique and different from its competitors. By creating distinct features, benefits, or brand image, the company can attract customers and gain a competitive advantage.