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When Selecting a Business-Level Strategy, the Firm Determines Who Will

question 106

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When selecting a business-level strategy, the firm determines who will be served, what customer needs will be satisfied, and how those needs will be satisfied.


Definitions:

Restitution

Compensation or repayment for loss, damage, or injury caused to another party.

Tort

A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract, but through negligence, defamation, and other such acts.

Electrician

A skilled tradesperson who installs, maintains, and repairs electrical systems and equipment.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with a third party.

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