A(n) _______________ Strategy Is a Competitive Strategy by Which a Firm

question 39

Multiple Choice

A(n) _______________ strategy is a competitive strategy by which a firm develops unique products or services from those of its competitors, or makes radical business changes that may alter the fundamental nature of the industry.

• A) alliance
• B) growth
• C) differentiation
• D) innovation

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Definitions:

Foreign Affiliation

The association or connection of an individual or entity with a country or organization outside of their own.

Trade Network

A trade network is a complex system of economic exchange involving the movement of goods and services across different regions or countries.

Public Utilities

Companies or organizations that provide essential services such as water, electricity, natural gas, and telecommunications to the public, typically subject to government regulation.

Civitas

A Latin term used in ancient Rome to refer to the body of citizens who constituted the city as a legal entity, as well as the citizenship and rights associated with it.