Question

A company that is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals Multiple Choice should adopt a new competitive strategy that might better match the circumstances of the marketplace. should abandon strategy elements that have caused its weakness in the marketplace. should undertake efforts to develop a distinctive competence. is virtually blocked from using offensive strategies and must rely on defensive strategies. nearly always is relegated to a trailing position in the industry.

Answer 1

Complete question:

A company that is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals

A. should consider divesting assets and making future investments in promising new industries.  

B. may be able to develop substitute resources that accomplish the same objective as the competitively valuable resource possessed by rivals.

C. can still marshal competitive power in the marketplace by incorporating product or service features desired by niche buyers.

D. is virtually blockaded from using offensive strategies and must rely on defensive strategies.

E. should abandon strategy elements that have caused its weakness in the marketplace.

Answer:

May be able to develop substitute resources that accomplish the same objective as the competitively valuable resource possessed by rivals.

Explanation:

The scenario on the market is changing. Changing the product mix always makes sense. Your product marketing approach is a step forward in the changing market that makes both consumers and staff involved and engaged. The production of the drug can be dangerous, though, to divert the attention from tested and established market practices.

The advantage of substitute products is to give the customer a range of goods to suit his specifications. On the other hand, businesses may pay extra costs in order to create and advertise innovative deals as the best on the market.