Answer:
False.
Explanation:
The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.
- Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>
The 4 strategies for competitive advantage:
- Cost Focus.
- Cost leadership.
- Differentiation Focus.
- Differentiation Leadership.
It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen.
In the context of time-based competition, "build a better mousetrap and the world will beat a path to your door." could be interpreted as "those who make better innovations would obtain the most opportunities to obtain profit in the market"
Innovations only offers advantages in the competition because it offer different options for consumers that exclusively belong to US. But innovation is NOT THE ONLY factors for the product's success. There are other factors that can influence the success such as marketing strategies, condition of the economy
First Identity the primary activities
Then goes select an allocation
Followed by calculating an activity
And finally allocate the costs
Hope this helps
