Formulating a Strategy Based on Distinctive Competencies Provides the Organization

question 39

Multiple Choice

Formulating a strategy based on distinctive competencies provides the organization with a unique benefit that _____.

• A) allows the organization to gain advantage over its competitors
• B) allows the organization to retain its internal and product-oriented focus for growth
• C) helps the organization to progress smoothly through the marketing plan
• D) allows the organization to focus on products rather than the market

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Definitions:

Imported Oil

Oil that is brought into a country from abroad for use in domestic markets, often subject to tariffs and trade agreements.

Queuing

The process of people or items lining up in a sequence to await their turn for service or processing.

Nonprice Rationing

The allocation of goods among buyers using criteria other than the price, often seen in situations of shortage like during wartime or in the case of rationed healthcare.

World Price

The international market price for a given good, influenced by global supply and demand factors.