All of the Following Are Common Tools Used in Industry

question 67

Multiple Choice

All of the following are common tools used in industry to analyze and develop competitive advantages, except:

• A)Five Forces model
• B)Three generic strategies
• C)Competitive analysis model
• D)Value chain analysis

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Definitions:

Entrepreneurship

Entrepreneurship involves identifying business opportunities and willingly taking risks to start and manage a business.

Management Layers

The levels of management within an organization, from top-level executives to middle managers and then lower-level operational managers.

Downsizing

The process of reducing an organization's workforce or operations to decrease costs and improve efficiency, often leading to layoffs.