Actions Firms Take to Gain Competitive Advantages by Operating in Multiple

question 86

Multiple Choice

Actions firms take to gain competitive advantages by operating in multiple markets or industries simultaneously are known as

• A) corporate level strategies.
• B) diversification strategies.
• C) business level strategies.
• D) strategic alliance strategies.

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Definitions:

Quantities

Refers to the amount or number of a material or immaterial item.

Outstanding Checks

Checks that have been issued and recorded but not yet cashed or cleared by the bank.

Petty Cash Fund

A small amount of cash kept on hand for making minor, immediate purchases or reimbursements in a business.

Reimbursed

The act of compensating someone for an expense they have incurred, often related to their employment or a specific task they have undertaken.