Question

A company's strategy has a chance of succeeding only when it is predicated on:
O actions, business approaches, and competitive moves aimed at appealing to buyers and setting the company apart from rivals.
O management's concepts of "where we have been," "where we are headed," and "where we need to go."
O the approval of a business model by a company's board of directors that spells out how to outcompete its rivals and make the company profitable.
O educated choices that management has made regarding which financial and operating plans to pursue.
O building revenues, controlling costs, and generating an attractive profit.

Answer 1

Answer:

actions, business approaches, and competitive moves aimed at appealing to buyers and setting the company apart from rivals.

Explanation:

Competition occurs in the market when companies that produce similar goods and services must contest for consumers to patronise them. Competition is aimed at increasing revenue and gaining market share for the business.

Competition can be direct where products offered are similar, or indirect where products offer are not the same.

A company will only have a chance of succeeding if products are differentiated from those offered by competitors through the firm's actions and competitive moves.