A seldom used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage is
A. outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, or technological superiority.
B. focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche.
C. striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage.
D. developing competitively valuable resources and capabilities that rivals cannot easily match, copy, or trump with capabilities of their own.
E. copying the attributes of a popular product or service.
Answer: E
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Phelps, Inc. had assets of $67,646, liabilities of $15,466, and 10,718 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $7,829. The company had assets of $79,571, liabilities of $18,551, 10,771 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $9,993.Required:Part a. Calculate EPS for 2018.Part b. Calculate ROE for 2018.Part c. Calculate the Price/Earnings ratio for 2018
What will be an ideal response?
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Answer the following statement true (T) or false (F)
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