A Generic Business Strategy Is a Strategy That

question 116

Multiple Choice

A generic business strategy is a strategy that

• A) seeks opportunities by finding the optimum balance between marketing efficiencies versus R&D-manufacturing efficiencies.
• B) can be adopted by any firm, regardless of the product or industry involved, to achieve a competitive advantage.
• C) describes an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals.
• D) states the organization's function in society, often identifying its customers, markets, products, and technologies.
• E) helps a firm search for growth opportunities from among current and new markets as well as current and new products.

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Definitions:

Low-Frequency Sounds

Refers to sounds that are typically at the lower end of the audible range, usually below 250 Hz, and can include everything from the rumble of thunder to the bass in music.

Wernicke's Area

A region of the brain located in the temporal lobe, crucial for language comprehension.

Role

A function or position that an individual occupies in a social, relational, or organizational context, often defining expected behaviors and responsibilities.

Penfield Map

A representation of the motor cortex and sensory cortex in the human brain, illustrating the correspondence between body parts and their neurological representation, based on Wilder Penfield's research.