A Competitive Strategy of an Organization Determines Its ________

question 31

Multiple Choice

A competitive strategy of an organization determines its ________.

• A) industry rivals
• B) short-term goals
• C) value chains
• D) structure

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Definitions:

Brand Loyalty

The tendency of consumers to continue buying the same brand's products or services over time, reflecting a strong preference.

Psychographic

Relating to the study of personality, values, opinions, attitudes, interests, and lifestyles of an individual or group.

Market Segmentation

The process of dividing a target market into smaller, defined categories of consumers who share similar characteristics.