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In a Brief Essay, Describe Three Types of Competitive Strategies

question 57

Essay

In a brief essay, describe three types of competitive strategies that firms use to achieve competitive advantage. Support your answer with examples of organizations that currently use each of the strategies.


Definitions:

Alternatives

Different choices or options that are available in a decision-making process.

Adjusted Corporate Tax

This term might involve adjustments made to the corporate tax reported, accounting for various deductions, credits, and exemptions to reach a tax obligation more accurately reflecting the company's financial activity.

Taxable Income

Income subject to taxes, calculated by subtracting deductions and exemptions from gross income.

Total Operating Capital

Represents the total amount of capital tied up in operating assets, necessary for the day-to-day functioning of a business.

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