Which of Following Statements Is/are True Concerning Strategic Positioning

question 5

Multiple Choice

Which of following statements is/are true concerning strategic positioning?

• A)Once a firm has chosen a position, it is unwise to change it, even though the company or business environment might change.
• B)If a firm does decide to compete on more than one strategic position, it must carefully execute both strategies to be successful.
• C)Since the business environment is always changing, rather than stick constantly with one strategic position, firms should pay close attention during times of change, and adjust their strategies accordingly.
• D)A firm following both competitive strategies is likely to succeed only if it achieves one of them significantly.

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Definitions:

Public Interest

The welfare or well-being of the general public and society as a whole.

Proprietorship

A type of business ownership where the business is owned and run by one individual who has full control and responsibility.

Single Individual

A term referring to one person, often used in the context of single-person households or individual decision-making.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.