Business Strategy Defines

question 32

Multiple Choice

Business strategy defines:

• A)How a firm competes in a particular industry or market
• B)Which industries or markets a firm chooses to compete in
• C)Both of the above
• D)Neither of the above

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Definitions:

Goal Setting

The process of identifying something that one aims to achieve, often through specific, measurable, attainable, relevant, and time-bound objectives.

Rehearsal

The practice or process of practicing an action or performance in preparation for a public presentation.

Continuous Reinforcement

A learning process in which a behavior is rewarded every time it occurs, leading to faster acquisition of the behavior.

Delayed Reinforcement

A strategy in which the reward or consequence for a behavior is presented after a significant time lapse, affecting the conditioning process.