Theories of How to Gain Competitive Advantage in an Industry

question 36

Multiple Choice

Theories of how to gain competitive advantage in an industry that emerge over time or that have been radically reshaped once they are initially implemented are known as

• A) emergent strategies.
• B) objective strategies.
• C) planned strategies.
• D) ad hoc strategies.

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Definitions:

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect).

Conclusions

Statements or judgments that are formed after considering the relevant facts or evidence.

Confounded Variables

External factors in an experiment that might affect the outcome, making it difficult to determine if the results are due to the independent variable being tested.

Independent Variables

Factors in an experiment that are manipulated or changed by the researcher to observe their effects on the dependent variables.