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What Are the Three Generic Business Strategies

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What are the three generic business strategies?


Definitions:

Computers

Electronic devices capable of processing information according to a set of instructions called programs.

Stocks

Financial instruments representing ownership shares in a company, allowing investors a claim on part of the company's profits.

Just-in-time Inventory System

A strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Operations Activities

Tasks and processes involved in the production, management, and delivery of goods and services in a business.

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