Which of the following is not one of the four basic strategies a company can employ to deal with competitive forces? A) Strengthen customer and supplier intimacyB) Focus on market nicheC) Differentiate productsD) Compete on employee loyalty

Question

Gaige

Business

14 September, 05:44

Which of the following is not one of the four basic strategies a company can employ to deal with competitive forces? A) Strengthen customer and supplier intimacyB) Focus on market nicheC) Differentiate productsD) Compete on employee loyalty

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Answers (1)

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Jacqueline Wang · Answer 1

Compete on employee loyalty is not one of the four basic strategies a company can employ to deal with competitive forces

Explanation:

There are different strategies that can be followed by a company while it is dealing with the competitive forces. These includes strengthening the intimacy of the customer and the suppliers. It can have a concentrated focus on the market niche or segment that is targeted.

It can opt for the differentiation in the products produced by it and attracting customers with that product difference. It can also follow a low cost leadership to gain customers. Thus the strategy that is not included by a company in dealing with competitive forces will be Competing on employee loyalty.