Innovation Is Important When Pursuing an Integration Strategy Because

question 28

Multiple Choice

Innovation is important when pursuing an integration strategy because:

• A) It helps a firm resolve existing trade-offs between price and quality.
• B) Without innovation a firm can get "stuck in the middle."
• C) Innovation is the most important component regardless of strategy.
• D) It is the only way that a firm can improve its value chain activities.

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Definitions:

Indentured Servants

Individuals who agreed to work for a set period without wages in exchange for passage to the New World.

Chesapeake Tobacco Planters

Landowners and farmers in the Chesapeake Bay region who cultivated tobacco as a cash crop during the colonial and early national periods of American history.

Seventeenth-Century Chesapeake

Refers to the region and period relating to the Chesapeake Bay in the 1600s marked by the establishment of English colonial societies based on tobacco farming and indentured servitude.

Artisans

Skilled manual workers who craft goods or products with their hands, often resulting in unique, functional art or functional items.