A ____________ Is a Group of People Whose Shared Expertise

question 68

Short Answer

A ____________ is a group of people whose shared expertise and interest in a joint enterprise informally binds them together.

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Definitions:

Strategy

A high-level plan or set of actions designed to achieve long-term or overall aims and objectives, often within a competitive environment or to solve a problem.

Support Activities

Functions or operations that help make a business's primary activities more efficient, such as procurement, technology development, human resource management, and firm infrastructure.

Create Value

The process of increasing the worth of products, services or businesses through improvement or innovation.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors in its market.