Selecting and Adhering to a Single Competitive Strategy Is Sufficient

question 1

True/False

Selecting and adhering to a single competitive strategy is sufficient to counter all of Porter's five forces and be successful in the long term.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender in case of default.

Corporate Angel

A benefactor, often a company, that provides support or rescue financing to help a struggling business or start-up.

Fortune 500

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.

Private Placement

The sale of securities directly to a select group of investors and institutions rather than through a public offering.