Answer:
The answer is a firm's business level strategy
Explanation:
A strategy is a blueprint or a plan which spells out the major policies of an organisation, its goals and actions that will enables it to achieve the organisational objectives.
A firm business level strategy is a tool aimed at improving the competitive position of a firm's products within the market segment or industry that the firm operates. It focuses on how a firm will satisfy customer's needs and gain competitiveness in the market in which it operates by exploiting opportunities in market.
Answer:
a) true
Explanation:
In the changing environment companies face, they require to get valuable knowledge to be able to remain competitive in the market. To get that knowledge, they have the option to do research or train their employees but these options usually take time. When they need to do it fast, businesses can find people that already have the knowledge and that can apply it immediately in the company or acquire another organization that have what they need.
According to this, the statement that says that one of the fastest ways to acquire knowledge is to hire individuals or purchase entire companies that have valued knowledge is true.