A Generic Business Strategy Is a Strategy That

question 116

Multiple Choice

A generic business strategy is a strategy that

• A) seeks opportunities by finding the optimum balance between marketing efficiencies versus R&D-manufacturing efficiencies.
• B) can be adopted by any firm, regardless of the product or industry involved, to achieve a competitive advantage.
• C) describes an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals.
• D) states the organization's function in society, often identifying its customers, markets, products, and technologies.
• E) helps a firm search for growth opportunities from among current and new markets as well as current and new products.

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Definitions:

Smooth Muscle

A type of muscle tissue that is not under voluntary control, found in the walls of internal organs, such as the stomach, intestines, and blood vessels.

Flaccid

Pertaining to muscle weakness or softness, often indicating a lack of muscle tone.

Rigor Mortis

A postmortem condition where the muscles of the body stiffen due to chemical changes, occurring several hours after death.

Triceps

A muscle located at the back of the upper arm, responsible for extending the elbow.