Actions That Firms Take to Gain Competitive Advantage in a Single

question 58

Multiple Choice

Actions that firms take to gain competitive advantage in a single market or industry are known as

• A) business-level strategies.
• B) corporate-level strategies.
• C) functional-level strategies.
• D) macro-level strategies.

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Definitions:

Manifest Functions

The recognized and intended consequences of any social pattern, which are explicitly stated and understood by the participants in a social system.

Latent Functions

The unrecognized or unintended consequences of any social pattern, which may contribute to the functioning of a social system.

Marriage Ceremony

A formal event or ritual in which two individuals are united in marriage, characterized by cultural and religious practices.

Instrumental Role

The practical, task-oriented role typically associated with providing the family's material needs, often traditionally ascribed to men.