Business Level Strategies Are Actions Firms Take to Gain Competitive

question 72

True/False

Business level strategies are actions firms take to gain competitive advantages by operating in multiple markets or industries simultaneously.

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Definitions:

Retirement Plan

A financial agreement designed to provide individuals with income during their retirement years.

Benefits Plan

A specific arrangement by an organization that outlines the non-wage compensations available to employees, such as health insurance, retirement contributions, and time off.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Benefits Administration

The management and operation of an organization’s employee benefits program, including health insurance, retirement plans, and other non-wage compensations.