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If you were advising Rebel Toad Brewing, a local brewpub, about how to set itself apart from rivals and achieve a sustainable competitive advantage, you would most likely not recommend that Rebel Toad Brewing ○ focus on a narrow market niche to achieve a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers composing the niche. mimic the successful strategies of rivals. O strive to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage. develop a cost advantage based on offering more value for its patrons' money. outcompete rivals on the basis of differentiating features such as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money.

If you were advising Rebel Toad Brewing, a local brewpub, about how to set itself apart from rivals and achieve a sustainable competitive advantage, you would most likely not recommend that Rebel Toad Brewing ○ focus on a narrow market niche to achieve a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers composing the niche. mimic the successful strategies of rivals. O strive to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage. develop a cost advantage based on offering more value for its patrons' money. outcompete rivals on the basis of differentiating features such as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money.

Understanding Business
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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If you were advising Rebel Toad Brewing, a local brewpub, about how to set itself apart from rivals and achieve a sustainable competitive advantage, you would most likely not recommend that Rebel Toad Brewing ○ focus on a narrow market niche to achieve a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers composing the niche. ○ mimic the successful strategies of rivals. ○ strive to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage. ○ develop a cost advantage based on offering more value for its patrons' money. outcompete rivals on the basis of differentiating features such as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money.
Transcribed Image Text:If you were advising Rebel Toad Brewing, a local brewpub, about how to set itself apart from rivals and achieve a sustainable competitive advantage, you would most likely not recommend that Rebel Toad Brewing ○ focus on a narrow market niche to achieve a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers composing the niche. ○ mimic the successful strategies of rivals. ○ strive to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage. ○ develop a cost advantage based on offering more value for its patrons' money. outcompete rivals on the basis of differentiating features such as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money.
Allianz Italy, 7-Eleven, Wells Fargo Bank, Ford Motor Company, Verizon, ExxonMobil, Pfizer, DuPont, Royal Canadian Mounted Police, and U.S. Army Medical are examples of companies that have adopted the balanced scorecard in order to balance the pursuit of good bottom-line profit against the pursuit of nonprofit objectives (although achieving profitability targets is nearly always given greater emphasis). ○ set both financial and strategic objectives and put balanced emphasis on their achievement. put equal emphasis on the achievement of financial objectives, strategic objectives, and social responsibility objectives. preclude the drive for achieving financial objectives from weakening the attention paid to social responsibility, community citizenship, and other worthy goals. O prevent the pursuit of strategic objectives from dominating the pursuit of financial objectives.
Transcribed Image Text:Allianz Italy, 7-Eleven, Wells Fargo Bank, Ford Motor Company, Verizon, ExxonMobil, Pfizer, DuPont, Royal Canadian Mounted Police, and U.S. Army Medical are examples of companies that have adopted the balanced scorecard in order to balance the pursuit of good bottom-line profit against the pursuit of nonprofit objectives (although achieving profitability targets is nearly always given greater emphasis). ○ set both financial and strategic objectives and put balanced emphasis on their achievement. put equal emphasis on the achievement of financial objectives, strategic objectives, and social responsibility objectives. preclude the drive for achieving financial objectives from weakening the attention paid to social responsibility, community citizenship, and other worthy goals. O prevent the pursuit of strategic objectives from dominating the pursuit of financial objectives.
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