Question

To improve performance, there are many different avenues for outcompeting rivals such as

a. realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.
b. creating products analogous with competitors so as to be competitive in the same markets.
c. pursuing similar personalized customer service or quality dimensions as rivals.
d. being undecided whether or not to concentrate operations on local versus global markets.
e. strengthening competitiveness by pursuing strategic alliances and collaborative partnerships.

Answer 1

d. being undecided whether or not to concentrate operations on local versus global markets

Step-by-step explanation:

A company's strategy entails management's concised plan of action for outperforming competitors and achieving success and superior profitability. They are plan of action by companies to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve performance objectives. It is formally called a competitive moves and business approaches used by most company's management.

To improve performance and outgrow rivals, companies must confine their operations to local or regional markets or developing product superiority or even concentrating on a narrow product lineup. Chosing out of the three options and concentrating on it will help the company grow e.g local market. Your rivals not knowing your next move will help you a lot to outgrow rivals.