Actions Firms Take to Gain Competitive Advantages by Operating in Multiple

question 67

Multiple Choice

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

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

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Definitions:

Project Appraisal

The evaluation process of analyzing and assessing the viability, reliability, and potential success of a project before any significant resources are committed.

Standard Deviation

A measure in statistics that indicates the dispersion or variability of a set of numerical data relative to its mean.

Project Manager

A professional responsible for planning, executing, and closing projects, while managing the team and resources.

Temporary

Something that is not permanent and is intended or expected to last for a limited time.