Strategic Competency Is What a Business Unit Does Exceptionally Well

question 8

True/False

strategic competency is what a business unit does exceptionally well, such a manufacturing, promotion, distribution, etc. which has strategic importance to the business.

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Definitions:

Retail Mix

The combination of factors within a retail strategy, including product assortment, pricing, store layout, and promotional tactics aimed at influencing consumer behavior.

Independent Retailer

A retail business owned and operated by an individual or family rather than part of a larger retail chain or franchise.

Anchor Stores

Large and prominent retail stores used to drive traffic to smaller retailers within a shopping mall or center, often well-known department stores or chains.

Nordstrom

An upscale American department store chain known for its high-quality customer service, extensive selection of merchandise, and emphasis on luxury brands.