The Four Generic Business Strategies Involve Combinations of Competitive Scope

question 54

Multiple Choice

The four generic business strategies involve combinations of competitive scope or the breadth of the target markets and

• A) organizational structure.
• B) degree of geographical distribution.
• C) investment in research and development.
• D) an emphasis on either costs or product differentiation.
• E) relative number of products in a product line.

---

Definitions:

Dynamic Effect

Pertains to the impact of time-related changes on systems or processes, often used in economics or physics to analyze how variables evolve.

Network Effect

The phenomenon whereby increased numbers of people or participants improve the value of a good or service.

Corporate Blog

An online platform used by companies to communicate directly with their audience, providing insights, news, and updates.

Completely Controlled

Refers to a scenario, system, or process where all aspects and outcomes are fully managed and regulated, leaving no room for external or unintended variations.