The Effectiveness of Any of the Generic Business-Level Strategies Is

question 78

Multiple Choice

The effectiveness of any of the generic business-level strategies is contingent upon:

• A) customer needs and competitors' strategies.
• B) the match between the opportunities and threats in its external market and the strengths of its internal environment.
• C) the trends in the general consumer base and the robustness of the global and industry economy.
• D) the firm's competitive scope and its competitive advantage.

---

Definitions:

Optimal Order Quantity

The most cost-efficient quantity of items to order that minimizes holding costs and ordering costs in inventory management.

Holding Cost

The expense incurred from storing inventory over a period, including costs related to warehousing, depreciation, insurance, and obsolescence.

Price Breaks

Discounts applied to a product or service based on the quantity purchased.

EOQ Model

Economic Order Quantity Model, a formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.