For a company's competitive strategy to succeed in delivering good performance and the intended competitive edge over rivals, it has to be

Multiple Choice

identical to the strategy of at least one rival in its industry.

underpinned by an appropriate set of resources, know$-$how, and competitive capabilities.

one of perhaps several competitors with low costs.

contingent on the adoption of total quality management systems, business process reengineering, Six Sigma methodology, and other business process management techniques that aim at boosting efficiency and reducing costs.