A Company's Menu of Strategic Choices to Supplement Its Decision

question 68

Multiple Choice

A company's menu of strategic choices to supplement its decision to employ one of the five basic competitive strategies does not include

• A)whether and when to employ defensive strategies to protect the company's market position.
• B)whether to integrate backward or forward into more stages of the industry value chain.
• C)whether to employ a preemptive strike type of green ocean strategy.
• D)whether and when to go on the offensive and initiate aggressive strategic moves to improve the company's market position.
• E)whether to bolster the company's market position via acquisition or merger and/or whether to enter into strategic alliances or partnership arrangements with other enterprises.

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Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Comparative Advantage

An economic principle that suggests countries or entities should specialize in producing goods in which they have a lower opportunity cost, leading to more efficient global production and trade.

International Trade

The exchange of goods, services, and capital across international borders, influenced by agreements, tariffs, and global market dynamics.

Social Dumping

The practice of employers or countries exploiting cheaper labor or lower environmental standards in one region over another, often leading to job loss and lowered labor conditions in higher-cost areas.