Passing the national portion of the state exam is equal to 24 hours of continuing education.

Which one of the five generic competitive strategies can be utilized to compete successfully in the business simulation?

a. A best-cost strategy is almost always the best in offering quality and a comparable price. b. A company can employ any of the five generic strategies as long as the product or service is perceived to have superior value compared to the product/service of rivals. c. The best generic strategy to employ is that of low-cost which contributes to superior profitability. d. A generic strategy is not necessary as long as the customer perceives value in the product or service.

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