____ Level Strategy Seeks to Determine How a Firm Should

question 62

Multiple Choice

____ level strategy seeks to determine how a firm should compete in a given industry.

• A) Enterprise
• B) Corporate
• C) Business
• D) Functional

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Definitions:

Strict Liability

Liability regardless of fault. In tort law, strict liability may be imposed on defendants in cases involving abnormally dangerous activities, dangerous animals, or defective products.

Sellers

Individuals or entities that offer goods or services in exchange for compensation.

Goods

Tangible personal property that includes a wide range of objects such as appliances, furniture, electronics, and more.

Wholesalers

Entities in the supply chain that buy large quantities of goods from manufacturers to resell to retailers or directly to the consumers.