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Which of the following statements accurately describe the process of executing a business strategy? - ️️1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to...

What are reasons that companies expand into foreign markets? - ️️1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - ️️take advantage of new resources and capabilities ...

Which of the following are types of competitive strategies? - ️️1. broad low-cost 2. broad differentiation 3. focused low-cost 4. focused differentiation 5. best-cost Which of the following is a typical course of action for companies that pursue low-cost leadership? - ️️offering lowe...

What does the strategy making, strategy executing process entail? - ️️1. developing a strategic vision that charts the company's long term direction, a mission statement that describes the company's purpose, and a set of core values to guide the pursuit of the vision and mission 2. setting ...

A blue ocean strategy is a strategy that seeks to gain a competitive advantage by ____ - ️️inventing a new segment of the market that makes existing competitors no longer relevant A blue-ocean strategy is a strategy that seeks to gain a competitive advantage by _____ - ️️inventing a new s...

All companies operate in a broad _______-environment that is made up of six components, including political factors and technical factors. - ️️macro What acronym serves as a reminder of the components of a company's macro-environment? - ️️PESTEL Strategically relevant factors have a b...