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Strategic Management Is Not Concerned with How to Create Competitive

question 172

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Strategic management is not concerned with how to create competitive advantage in the marketplace.


Definitions:

Pheromones

Substances created and emitted by an animal into its surroundings that influence the behavior or bodily functions of other members of the same species.

Synthesized

Created or formed by combining simpler substances or elements through a chemical process, leading to a new compound or product.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders.

Assets

Economic resources owned or controlled by a company; they have measurable value and are expected to benefit the company by producing cash inflows or reducing cash outflows in the future.

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