The Key to Success Is

question 65

Multiple Choice

The key to success is:

• A)Having a clear understanding of a firm's strengths and weaknesses and in particular to base strategy on the exploitation of key strengths.
• B)Having a strong main core competence that a firm may rely upon to build its strategy
• C)Being well-placed to exploit a monopoly position
• D)Having key strengths based on low cost.

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Definitions:

Confederacy

A confederation of secessionist American states existing from 1861 to 1865, formed by states in the Southern United States that supported slavery and opposed the policies of the northern states.

Ordinance of Secession

Historical documents drafted and adopted by several U.S. states declaring their secession from the Union, leading to the American Civil War.

South Carolina

A U.S. state in the southeastern region, known for its role in American history, including the Civil War's start at Fort Sumter.

Federal Government's Refusal

A situation where the national government decides not to approve or accept a specific action, legislation, or proposal.