The Primary Aim of Strategic Management at the Business Level

question 42

Multiple Choice

The primary aim of strategic management at the business level is

• A)maximizing risk-return tradeoffs through diversification.
• B)achieving competitive advantage.
• C)maximizing differentiation of products and/or services.
• D)achieving a low cost position.

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Definitions:

Three-Step Process

A methodological approach that divides a task or problem-solving procedure into three distinct stages for clarity and efficiency.

Podcasting

The creation and distribution of audio or video episodes that users can download or stream online to a personal device.

Blogging

The act of writing for a blog, a web-based platform where individuals or organizations can publish regular articles, commentary, or other content.

Microblogging

A form of blogging where users publish short pieces of digital content—which could be text, pictures, links, short videos, or other media on the Internet.