A company's strategy is unlikely to succeed unless:

a. the company has competencies and capabilities to efficiently sustain its competitive differentiation.

b. includes a permanent, unchangeable mission statement and vision statement.

c. the company's competitive advantage grows out of the entire system of activities working together.

d. both answers 1 and 3 occur.

d.both answers 1 and 3 occur.

That is

a.the company has competencies and capabilities to efficiently sustain its competitive differentiation.

c.the company's competitive advantage grows out of the entire system of activities working together.

Explanation:

In a perfectly competitive market firms have similar products and so they must compete with each other to get market share.

Gaining a competitive advantage is key in surviving within the market.

Differentiation of its products is the first step to success. When a firm's product is differentiated from others it will gain more customer loyalty as the end user identies the product with a particular trait for example high quality.

When the companie's activities are well synchronised the company achieves efficiency which is a competitive advantage of higher output than other firms.

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