Competitive Scope and Competitive Positioning Are the Two Dimensions That

question 7

True/False

Competitive scope and competitive positioning are the two dimensions that help define the five business-level strategies.

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Definitions:

Generates Revenue

Activities or processes that result in the earning of income for a business through the sale of goods or services.

Incurs Costs

To undergo or suffer expenses during the execution of activities or operations.

Profit Center

A business segment or department within an organization that is responsible for generating its own revenue and thereby directly impacting profitability.

Responsibility Center

A department or unit within an organization that is accountable for specific activities and performance, with its performance measured against planned objectives.