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What issues must be considered when determining whether or not a loss from earthquake destruction should be treated as an extraordinary item?
Generic Competitive Strategies
Frameworks proposed by Michael Porter that describe three potential strategies to achieve a sustainable competitive advantage: cost leadership, differentiation, and focus.
Competitive Advantage
A scenario or element that positions a business in a stronger or more favorable spot relative to its competitors.
SWOT Analysis
A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, to gauge internal and external factors affecting its objectives.
External Analysis
The evaluation of factors outside a business that can impact its performance, such as economic trends, competitive landscape, and regulatory environments.
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