A business strategy which is most effective for a company to create and sustain competitive advantage is a differentiation strategy.
What is competitive advantage?Competitive advantage can be defined as the factors, assets, conditions, or circumstances that allow a business firm (company) to manufacture finished goods or services better and perhaps, cheaper than other rival business firms (companies) operating within the same industry.
What is a business strategy?A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.
The types of business strategy.Generally, there are three (3) main types of business strategy and these include the following:
Cost Leadership business strategyDifferentiation business strategyFocus business strategyIn conclusion, we can reasonably infer and logically deduce that business strategy which is most effective for a company to create and sustain competitive advantage is a differentiation strategy.
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geothermal,wind,and solar are some of the energy resources in which Nevada has an abundant supply.What would be a benefit of their usage compared to other energy sources
Answer:
Explanation:
Geothermal energy does not require burning fossil fuels. There is no fuel required; the energy is harnessed from inside the earth. It is a renewable energy source. It also has huge potential to provide a lot of energy.
Wind energy also does not require burning fossil fuels. The wind is sustainable is some select places. It is also very clean energy.
Solar energy is pollution free. It is renewable power, and it can be installed in many places.
