By the 1990s, Thinking on Strategy Had Shifted to

question 10

Multiple Choice

By the 1990s, thinking on strategy had shifted to

• A)an emphasis on competition, market share and industry profitability.
• B)the development of the "PIMS" at the Strategic Planning Institute.
• C)resources and capabilities of the firm.
• D)the management of political, economic and technological influences.

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Definitions:

Financial Advantage

A benefit or edge gained in financial terms, often through investments, cost savings, or favorable financial conditions.

Joint Process

A manufacturing operation that simultaneously produces more than one product from a single raw material input.

Split-off Point

The stage in a production process where multiple products become distinguishable from one another.

Financial Advantage

An economic benefit enjoyed by individuals or businesses that allows for superior positioning in the market or financial health.