What does the success of business-level strategies depend on?
What will be an ideal response?
It is important to note that none of the business-level strategies (cost leadership, differentiation, and focused variations thereof) is inherently superior. The success of each is context-dependent and relies on two factors:
How well the strategy leverages the firm's internal strengths while mitigating its weaknesses; and
How well it helps the firm exploit external opportunities while avoiding external threats.
There is no single correct generic strategy for a specific industry. The deciding factor is that the chosen business strategy provides a strong position that attempts to maximize economic value creation and is effectively implemented.
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________ are manufacturer-owned and operated stores that offer prices as low as 50 percent below retail on a wide range of mostly surplus, discounted, or irregular items
A) Category killers B) Factory outlets C) Specialty stores D) Superstores E) Power centers
Which of the following statements about laws is least accurate?
A) People in accounting and finance should be aware of the Sarbanes-Oxley Act. B) Anything published on the Internet is in the public domain and can be used freely. C) Assume that anything produced privately after 1989 is copyrighted. D) The concept of fair use gives individuals limited rights to use copyrighted materials without requiring permission.
Common law relies upon judicial decisions that then become ____________________ that are used to help decide similar cases.
Fill in the blank(s) with the appropriate word(s).
Corporate bonds are less risky if they are ________ bonds and municipal bonds are less risky if they are ________ bonds
A) secured; revenue B) secured; general obligation C) unsecured; revenue D) unsecured; general obligation