Question

Which one of the following generic types of competitive strategy is typically the "best" strategy for a company to employ?
A. A low-cost leadership strategy
B. A broad and narrow differentiation strategy
C. A best-cost provider strategy
D. A focused low-cost differentiation leadership provider strategy
E. One that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities

Answer 1

Answer: One that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities

Explanation:

The generic types of competitive strategy is typically the "best" strategy for a company to employ is one that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities.

This is because the company has to consider it's resources, the market and other necessary factors before making a decision on that.