Which of the following statements about a company's strategy is true?

A. Crafting an excellent strategy is more important than executing it well.

B. A company's strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole.

C. Strategy at its essence is about competing differently — doing what rival firms do not do or cannot do.

D. Masterful strategies come partly (maybe mostly) by doing things in much the same way as the industry leader but then being better than the leader in one particular area that counts heavily with buyers.

E. Whether a company's strategy is ethical or not does not matter a lot because most customers and most suppliers are relatively unconcerned whether a company they do business with engages in sleazy practices or turns a blind eye to below-board behavior on the part of its employees.

A company's business model sets forth how its strategy and operating approaches _____________

A. help it become a market leader

B. will create value for customers and realize a profit

C. promote its long-term strategic directions

D. support its mission statement

E. diverge from its strategy

Which one of the following is not related to actions and approaches that comprise a company's strategy?

A. Proving to shareholders that the company's business model is viable.

B. Achieving a low-cost provider strategy.

C. Seeking a broad differentiation strategy.

D. Concentrating on a focused low-cost strategy.

E. Pursuing a best-cost provider strategy.