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

question 39

Multiple Choice

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

• A)the selection of industries in which the firm will compete
• B)specific and individual product markets
• C)specific and individual functional departments
• D)specific plant locations

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Definitions:

Total Costs

The sum of all costs associated with producing a good or service, including both fixed and variable costs.

Industry Expansion

The growth or increase in size and operations of an industry due to higher demand, technological advancements, or other factors.

Positive Revenues

Positive revenues refer to the income generated from sales, services, or other business activities before any expenses are subtracted, indicating a gross inflow of economic benefits.

Resources Move

Resources Move describes the reallocation or mobility of resources (labor, capital, etc.) from one sector, location, or use to another.