Question

A firm can survive and succeed in the long run if it successfully develops strategies to confront the _______________ that shape the structure of competition in its industry. A. technological innovations B. competitive business processes C. competitive forces D. competitive strategies

Answer 1

Answer:

The answer is "Option D".

Explanation:

A competitive strategy is a long-term plan of action, that enables companies to benefit unfairly from their economic competitors. This strategy is designed to deliver a higher return margin (ROI) than average. This strategy is highly effective, for competitive companies and several similar items are available for consumers, and other choices were wrong that can be described as follows:

• In option A, This process is used in threat and insecurity, that's why it is wrong.
• In option B, It includes and connects operations, that generate value, that's why it's incorrect.
• In option C, It provides an enhancement, that offers the best deal in lower prices, that's why it is wrong.