Question: The basic strategy paradigm suggests that to maximize its profitability, a firm should Multiple Choice configure its external operations so that they support the position

The basic strategy paradigm suggests that to maximize its profitability, a firm should
Multiple Choice
configure its external operations so that they support the position of diminishing returns.
pick a position on the efficiency frontier that is viable in the sense that there is a low product demand anticipated.
make sure that the right organization structure is in place to execute its strategy.
choose, according to strategy, any position on the efficiency frontier as all positions are viable.
The basic strategy paradigm suggests that to maximize its profitability, a

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