Strategy Is Important to Every Firm, but the Internet Changes

question 1

True/False

Strategy is important to every firm, but the Internet changes quarterly, which elevates strategy to a mission-critical task.

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Definitions:

Auto Repairers

Businesses or individuals specializing in fixing and maintaining vehicles.

Intangible Outputs

Non-physical results produced by an organization or system, such as customer satisfaction, brand reputation, or intellectual property.

Zero Inventories

A business strategy aimed at minimizing holding inventory to reduce storage costs and waste, often relying on just-in-time production methods.

Labour Costs

Expenses incurred by a company for the salaries, wages, and other benefits provided to its employees.