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In a Brief Essay, Describe the Three Types of Competitive

question 69

Essay

In a brief essay, describe the three types of competitive strategies that firms use to achieve competitive advantage. Support your answer with examples of organizations that currently use each of the strategies.


Definitions:

Active Voice

A sentence structure where the subject performs the action of the verb directly, making the communication clearer and more direct.

Hedging Sentence

A type of statement that introduces uncertainty or lessens the impact of an assertion, often used to mitigate risk in communication.

Forecasting

The process of making predictions about future events or trends based on historical data and analysis.

Adverbs

Words that modify verbs, adjectives, or other adverbs, typically expressing manner, place, time, frequency, degree, level of certainty, etc.

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