Which of the Following Statements About Generalists and Specialists Is

question 55

Multiple Choice

Which of the following statements about generalists and specialists is true?

• A)Generalists typically have superior products.
• B)A specialist is better able to survive in an uncertain environment than a generalist.
• C)Specialists and generalists can coexist in an environment.
• D)A generalist is able to provide better customer service than a specialist.

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Definitions:

Follower Strategy

A business approach where a company decides to follow the innovations, products, or services introduced by competitors rather than lead the market.

Value Chains

The full range of activities that businesses undergo to bring a product or service from conception, through production, delivery to the consumer, and final disposal, adding value at each step.

Market Position

Describes a brand's unique spot in the marketplace, determined by consumers' perceptions of the brand and its competitors.

Transnational Strategy

A business approach that combines global integration with local responsiveness to efficiently manage operations across borders.