____ Is a Useful Framework for Managers to Use as They

question 14

Multiple Choice

____ is a useful framework for managers to use as they plot business strategy over time.

• A)Portfolio approach
• B)Product life cycle
• C)Environmental SWOT analysis
• D)Porter model
• E)None of these.

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Definitions:

Sustainable Competitive Advantage

A unique advantage over competitors that can be maintained over time, ensuring long-term success of the business.

Product Excellence

The achievement of superior quality, performance, and innovation in a product, distinguishing it from competitors and meeting or exceeding customer expectations.

Distinctive Brand Image

A unique visual, emotional, or conceptual identity associated with a brand that sets it apart from competitors.

Operational Excellence

The strategic commitment to efficient operations and improvement in processes to deliver products or services with superior quality and cost-effectiveness.