Explain business strategy as an overarching strategy
What will be an ideal response?
We can think of business strategy as the overarching strategy that brings
together sourcing strategy, technology strategy, and market strategy in ways that
reinforce one another. Sourcing strategy specifies what the business should acquire from others and what it will produce itself. Technology strategy concerns the design knowledge and process know-how that transforms inputs to outputs of greater value. The distinction between business strategy and market strategy has blurred somewhat. Porter said: "Deciding which target group of customers, varieties, and needs the company should serve is fundamental to developing a strategy.
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The point of indifference between two cities or communities can be studied _____
a. based on economic base characteristics b. using the index of retail saturation c. using census data d. based on the buying power index
A motion for summary judgment asserts:
A) That the law requires only one outcome. B) One of the parties has not presented their case well. C) There are no factual disputes to be decided. D) All of the above.
The forces that affect foreign markets may differ dramatically from those affecting domestic markets. This makes a careful ____ a critical part of a successful international marketing strategy.
A. political analysis B. regulatory analysis C. social audit D. environmental analysis E. marketing analysis
The average accounts receivable balance is a function of both the volume of credit sales and the days sales outstanding.
Answer the following statement true (T) or false (F)