Question 1 Previous Nexty CE Which of the following statements about crafting a

Question

Question 1 Previous Nexty CE Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones IS true? e Once a company devises a strategy and set of competitive actions/efforts that isO O e Very often the most appealing competitive approach a company can employ is a "more value O competitively successful, it does not have to pay much attention to responding and adjusting its strategy and competitive actions/effo efforts of rival companies to combat the shifting strategies and competitive for the money" strategy (for example, selling 8-star cameras and drones at lower prices thanO other 8-star brands) where your competitive advantage is an ability to incorporate "upscale 8 product attributes with high buyer appeal at a lower cost than rivals-and thereby underprice rival brands of cameras and drones having comparable attributes and P/Q ratings Whether a company is operating cost efficiently is not especially important in devising a successful and profitable strategy, so long as its sales/market shares of cameras idrones i the 4 geographic regions are above the industry averages For a company to compete successfully, it needs to exert greater competitive efforts on all 11 competitive factors for cameras and 10 competitive factors for drones than every other rival company in GLO-BUS there are multiple strategic approaches and sets of competitive effortslaction C that if properly designed and well-executed are capable of producing competitive success in o the global market for cameras/drones, provided they are not overpowered or thwarted by even more potent strategic approaches and competitive actions/efforts that are well-executed by rival companies 0 0 copying, redistributing, or website posting E xp nd

Explanation / Answer

The correct answer is :- For a company to compete successfully, it needs to exert greater competitive forces on all 11 competitive factors for cameras and 10 competitve factors for drones than every other rival company.

Expanation : - Crafting a strategy to be competitively successful involves developing a unified comprehensive plan that helps to match the resources of the organization with the challenges of the environment in order to achieve the goals and objectives of the organization.

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