4490 Chapter 8
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Which of the following terms describes the strengths that allow a firm to distinguish itself from the competition? core competencies economies of scope transaction costs economies of scale PESTEL strengths Porter's five forces
core competencies
Amazon's continued focus on ______ is a key to its ongoing success. shareholder profits specific target markets innovation employee perks
innovation
When a business answers the question of where to compete, it is determining ___. business strategy differentiation corporate strategy a marketing plan
corporate strategy
In order for a firm to lower costs, it must ______. lower profits lower its expectations grow increase risks
grow