Answered: Both Aldi and Target are two famous,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Both Aldi and Target are two famous, large grocery chains in the United States. Their business models are a clear reflection of their competitive priorities. Which statement is true about their competitive priorities?

Aldi is more focused on flexibility, while Target's focus is on quality.

Aldi is more focused on time, while Target's focus is on innovation.

Aldi is more focused on quality, while Target is more focused on cost.

Aldi is more focused on cost, while Target's focus is on flexibility.

Expert Solution

Step 1: Define Competitive priorities

Competitive priorities are the precise areas of emphasis that an organization recognizes as basic to its success and competitiveness in business. These priorities can change based on the industry and the organization's strategic objectives but typically enclose factors such as price, quality, delivery rate, goods customization, innovation, and client service. By focusing on these areas, businesses can align their resources and steps to gain a competitive edge and satisfy the requirements and anticipations of their target clients.

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