Strategic Position Emerges from Three Sources: _____

question 40

Multiple Choice

Strategic position emerges from three sources: _____.

• A)few needs,many customers;broad needs,few customers;broad needs,many customers
• B)low-cost products;huge market needs;unique products
• C)many needs,few customers;little need,many customers;narrow needs,few customers
• D)poor products available;few products available;no products available
• E)bad economy;strong economy;stable economy

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Definitions:

Mixed Numbers

A number consisting of an integer and a fraction, used to represent quantities that are more than a whole but less than the next whole number.

Improper Fractions

Fractions in which the numerator is at least as large as the denominator.

Lowest Terms

The most reduced form of a fraction, where the numerator and denominator are the smallest whole numbers possible.

Mixed Numbers

Numbers consisting of an integer and a proper fraction, representing sums of whole numbers and fractions.