Firms Must Position Themselves in a Market

question 10

Short Answer

Firms must position themselves in a market.Positioning is concerned with both the questions of 'where to compete' and 'how to compete' (Porter, 1980).De Wit mentions some dimensions along which companies can attempt to outdo their rivals.Which one do they NOT describe?
A.Availability
B.Bundling
C.Relations
D.Substitutes.

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Definitions:

Ethical Soundness

The quality of being morally correct and making decisions based on strong ethical principles and reasoning.

Ethical Standards

Guidelines that dictate the conduct considered acceptable and morally right in a professional or organizational setting.

Organization's Stakeholders

Individuals or groups that have an interest in the success and decisions of an organization, including employees, customers, suppliers, and shareholders.

Search For Alternatives

The stage in decision-making processes where different options or courses of action are identified and explored.