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:

Standard Deviation

A means of quantifying the depth of variation or spread among elements in a dataset.

Central 68%

Refers to the property in a normal distribution where approximately 68% of the data points lie within one standard deviation of the mean.

Standard Deviation

The statistical measure that quantifies the dispersion or variability within a data set.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of the numbers.