Tactical Advantage Is Achieved When a Firm Implements a Strategy

question 39

True/False

Tactical advantage is achieved when a firm implements a strategy in a better way than its competitors.

---

Definitions:

Negotiating Skills

The abilities and techniques used to effectively persuade or influence others in order to reach a mutual agreement.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Opportunity Cost

The benefit that is missed or foregone when choosing one alternative over another.

Excess Capacity

A situation where a company's production facilities are capable of producing more than the demand for its products or services.