Business-Level Strategies Detail Commitments and Actions Taken to Provide Value

question 120

Multiple Choice

Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by exploiting core competencies in:

• A) the selection of industries in which the firm will compete.
• B) specific product markets.
• C) primary value chain activities.
• D) particular geographic locations.

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Definitions:

4 Year Returns

The total profit or loss on an investment over a period of four years.

Nominal Rate

The rate of interest before adjustments for inflation or other factors that affect the true cost of borrowing or the real yield on an investment.

Effective Rate

The actual interest rate on an investment or loan, taking into account the effect of compounding over a given period of time.

Effective Annual Rate

It is the interest rate that is adjusted for compounding over a given period. Essentially, it represents the actual annual return on an investment or the actual cost of borrowing.