Question: 1. A Business Strategy is a companys plan to develop and sustain a competitive advantage. Group of answer choices True False 2. Business Strategies are

1.

A Business Strategy is a companys plan to develop and sustain a competitive advantage.

Group of answer choices

True

False

2.

Business Strategies are also more likely to be successful by offering all of the following except:

Group of answer choices

Where to compete

Establish a differentiator

Obtaining critical resources and capabilities

Developing substitute products

3.

A firms External Analysis is focused on how the organizations Product Development and Capabilities will be used in the marketplace.

Group of answer choices

True

False

4.

A firm that focuses on delivering products / services at the lowest price to the consumer is said to be implementing a strategy of:

Group of answer choices

Cost Advantage

Brand Awareness

Highest Quality

Fastest Delivery

5.

How the cost of a product impacts the customers buying decision is referred to as:

Group of answer choices

Product Sensitivity

Location Sensitivity

Price Sensitivity

Quality Sensitivity

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