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

Question

3 months ago

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

tiple 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.

Business

1 answer:

arsen [3.4K] · Answer 1 · 2026-02-24T01:49:54+03:00

Complete question:

A firm that struggles in the market due to lacking valuable competitive resources that its competitors possess

A. ought to think about selling off assets and investing in promising new sectors.

B. could potentially cultivate substitute resources that achieve the same goals as the competitive assets owned by rivals.

C. can still leverage competitive strength in the market by featuring products or services that niche buyers desire.

D. is essentially restricted from offensive tactics and has to depend on defensive measures.

E. should eliminate strategy components that have caused its market disadvantages.

Answer:

Could potentially cultivate substitute resources that achieve the same goals as the competitive assets owned by rivals.

Explanation:

The marketplace is undergoing shifts. Altering the product mix is often reasonable. Adjusting your product marketing strategy is a proactive step forward in a dynamic market, engaging both consumers and employees. However, introducing new products can be risky, diverting focus from tried and true market practices.

Substituting products can offer clients a variety of options tailored to their needs. Conversely, companies may incur increased costs when innovating and marketing their best products.