Question: no less than 10 sentences for each question. worth 10 points each. please answer properly. How do we best describe strategy. Define competitive advantage and

no less than 10 sentences for each question. worth 10 points each. please answer properly.

How do we best describe strategy. Define competitive advantage and explain its relationship to economic value creation. Discuss the importance of understanding a firm's strategy even if you are not a senior manager a firm. Describe two different measures of competitive advantage. In your own words describe the strategic management process

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