The Four Elements of a Business Strategy for a Firm

question 4

Short Answer

The four elements of a business strategy for a firm are the product-market investment decision, the functional strategies and program, the customer value proposition, and the __________ and _________.

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Definitions:

Cash Dividend

A cash distribution given to shareholders from a company's earnings.

Unlimited Liability

A legal structure in business where the owners are personally responsible for all of the company's debts, putting their personal assets at risk.

Partnership Form

A lawful business arrangement where two or more people share both the management responsibilities and the profits.

Interest Allowance

An amount allowed for interest, which can refer to the interest expense permitted on debt or the interest credited to an account; specifics can vary based on context.