Companies Without the Core Competencies in Their Value Chain Activities

question 1

True/False

Companies without the core competencies in their value chain activities and and support functions are still able to implement successfully a either a cost leadership or a differentiation strategy, although they cannot implement an integrated cost leadership/differentiation strategy.

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Definitions:

Asceticism

A lifestyle characterized by abstinence from worldly pleasures, often for the purpose of pursuing spiritual goals.

Aristotle

An ancient Greek philosopher and scientist who made significant contributions to logic, metaphysics, ethics, politics, and natural sciences.

Hedonism

The conception of the good life that takes pleasure to be the ultimate good.

Ethical Relativism

The thesis that whatever a culture or a society holds about right and wrong is therefore correct, at least for members of that culture or society. See moral (or ethical) relativism.