Question: 1.Explain why do you thinka firm must find a concept of the business which is difficult to imitate by the competitors? 2.What is the relationship

1.Explain why do you thinka firm must find a concept of the business which is difficult to imitate by the competitors?

2.What is the relationship between a firm's customers and its business-level strategy in terms of who, what, and how? Why is this relationship important?

3.What competitive dynamics can be expected among firms competing in slow-cycle markets? In fast-cycle markets? In standard-cycle markets?

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