Help Yourself Inc. publishes many types self-help books. Recently, the consumer
ID: 333158 • Letter: H
Question
Help Yourself Inc. publishes many types self-help books. Recently, the consumer demand for winter gardening books has increased significantly. Although Help Yourself has limited production facilities, it has increased the production of these books to meet this demand. It hopes to get books to the market faster than its closest competitor, who is also increasing the production of winter gardening books. Which of the following aspects of business-level strategy has Help Yourself accomplished? Question 14 options: It has enhanced its internal strengths. It has eliminated its weaknesses. It has exploited external opportunities. It has avoided external threats.
Explanation / Answer
It’s been firmly believed that business core competencies indeed require to focus on satisfying consumer needs or preferences in order to achieve above average returns which in fact can be attained through effective execution and implementation of competent and well-organized business level strategies.
Thus it’s primarily concerned with activities indeed required to be persuaded to offer valuable products and services to its consumers and gain a competitive advantage over its competitors which in fact can be attained by persuading core competencies and effectively positioning itself in the market.
Thus businesses do compete extensively to attract consumers based on price which in fact can be based on in-house competencies and effectiveness in order to attain earnings that indeed can facilitate to achieve the above average returns and attract consumers to purchase your goods and services by adopting economical pricing policies.
Furthermore value chain is a structure that enterprises can make use of to recognize and assess the manner in which their resources and capabilities can add value. Thus value analysis indeed facilitates to categorize business operations and activities based on their importance and relevance.
However a product differentiation strategy is aimed towards offering an augmented value to its consumers through exclusive and distinctive features and uniqueness implemented in products and services which is primarily conceived through enhanced quality and features, excellent consumer service, product innovations, sophisticate and modern technology and brand development which in fact facilitates to enhance the value of goods and services provided to its consumers.
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