A(n) _______________ Strategy Is a Competitive Strategy by Which a Firm

question 39

Multiple Choice

A(n) _______________ strategy is a competitive strategy by which a firm develops unique products or services from those of its competitors, or makes radical business changes that may alter the fundamental nature of the industry.

• A) alliance
• B) growth
• C) differentiation
• D) innovation

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Definitions:

Host Country

The country in which a multinational corporation operates a facility outside of its home nation.

Parent Country

The country in which the headquarters of a multinational company is located.

Collectivist Nature

The tendency of cultures or organizations to prioritize the group over individual achievements or desires.

Decision-Making Processes

The series of steps or stages involved in selecting a course of action from among multiple alternatives, typically involving problem identification, analysis, and choosing an option.