Which of the Following Statement Is Incorrect Regarding the "Core

question 17

Multiple Choice

Which of the following statement is incorrect regarding the "core strategy" component of a firm's business model?

• A) A firm's core strategy describes how it competes relative to its competitors.
• B) The product a firm chooses has little impact on its core strategy and business model.
• C) A company's product/market scope defines the products and markets on which it will compete.
• D) From a broad perspective firms typically choose one of two generic strategies: cost leadership or differentiation.
• E) The generic strategy a firm chooses greatly affects its business model.

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Definitions:

Constriction

The act or process of drawing together or becoming narrower; it can apply to physical objects, bodily processes, or even psychological states.

Accommodation

In psychology, the process of adjusting existing cognitive structures in response to new experiences; in vision, the process by which the eye's lens changes shape to focus near or far objects on the retina.

Fovea

The central focal point in the retina, around which the eye’s cones cluster.

Iris

The colored part of the eye surrounding the pupil that controls the amount of light entering the eye by adjusting the size of the pupil.