Actions That Firms Take to Gain Competitive Advantage in a Single

question 58

Multiple Choice

Actions that firms take to gain competitive advantage in a single market or industry are known as

• A) business-level strategies.
• B) corporate-level strategies.
• C) functional-level strategies.
• D) macro-level strategies.

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Definitions:

Entrepreneurial Ventures

Businesses started by entrepreneurs aimed at seeking, developing, and validating a scalable business model.

Intensely Focused

The state of being highly concentrated on a particular task, project, or goal with significant dedication and attention.

Positive Emotions

Feelings that evoke a sense of satisfaction or happiness in an individual, such as joy, gratitude, and contentment.

General Self-efficacy Scale

A psychological assessment tool designed to measure an individual's belief in their ability to successfully accomplish tasks and overcome obstacles.