There Are ______ Generic Competitive Strategies by Which a Small

question 24

Multiple Choice

There are ______ generic competitive strategies by which a small business can gain a competitive advantage.

• A) two
• B) three
• C) four
• D) five

---

Definitions:

Acceptable

Describes standards or conditions that are generally agreed upon as satisfactory or adequate.

Shoes For Crews

A company known for specializing in slip-resistant footwear designed for workers in the service and healthcare industries.

Warranty Implemented

The action of putting into effect a guarantee, typically by a manufacturer, promising to repair or replace an item if necessary within a specified period.

Financial Loss

The negative economic impact suffered by an individual, organization, or entity, typically quantified by the decrease in monetary value or assets.