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All Business Activities Can Be Used to Create a Sustainable

question 30

True/False

All business activities can be used to create a sustainable competitive advantage.


Definitions:

Quality Management

A strategic approach focused on maintaining and improving the quality of products and services in organizations, ensuring customer satisfaction and compliance with regulations.

Product Strategy

The approach a company takes to develop and market products, defining what products will be offered, to whom, and how.

Pareto Charts

A graphical tool used for quality control and decision-making that represents the frequency or impact of problems or causes in a process, highlighting the most significant factors.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.

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