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Match Each Term with Its Definition

question 38

Multiple Choice

Match each term with its definition.
-Abnormally inward gaze


Definitions:

Follower Strategy

A business approach where a company decides to follow the innovations, products, or services introduced by competitors rather than lead the market.

Value Chains

The full range of activities that businesses undergo to bring a product or service from conception, through production, delivery to the consumer, and final disposal, adding value at each step.

Market Position

Describes a brand's unique spot in the marketplace, determined by consumers' perceptions of the brand and its competitors.

Transnational Strategy

A business approach that combines global integration with local responsiveness to efficiently manage operations across borders.

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