A Firm's Competitive Strategy Leads It to Decide If It

question 12

True/False

A firm's competitive strategy leads it to decide if it can grow and if not, how to survive through stability or retrenchment.

---

Definitions:

Economic Refugees

Individuals or groups who are forced to leave their home country due to severe economic hardship, in search of a better standard of living elsewhere.

Internal Migrants

People who move within the boundaries of their own country, typically from rural areas to urban centers, in search of better living conditions or employment opportunities.

Structural Violence

Violence wherein social structures or institutions harm people by preventing them from meeting their basic needs.

Psychological Harm

Damage to an individual’s mental state, which can impair emotional wellbeing and functionality, often resulting from traumatic experiences or stress.