Strategists Who Rely on Traditional Definitions of Their Industry and Competitive

question 38

Multiple Choice

Strategists who rely on traditional definitions of their industry and competitive environment often focus their sights too ___________ on current customers, technologies, and competitors.

• A)broadly
• B)narrowly
• C)aggressively
• D)widely

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Definitions:

Export Goods

products or services that are produced domestically but sold to buyers in other countries.

Acquire Dollars

The process of obtaining U.S. currency, which can involve exchanging foreign money, earning it, or investing.

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to a person, group, or society.

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while opting for one choice over another.