Which of the following terms refers to the pattern of decisions and actions that managers take to use core competences to achieve a competitive advantage and outperform competitors?
A) product formation chain
B) PERT chart
C) strategy
D) value engineering

Question

Quizplus · Accepted Answer

The term that refers to the pattern of decisions and actions that managers take to use core competences to achieve a competitive advantage and outperform competitors is strategy. Option A refers to the process of creating a product from ideation to delivery. Option B refers to the Program Evaluation and Review Technique, which is a tool used in project management. Option D refers to a systematic approach to improving the value of goods or products by examining the function of each component.

Which of the Following Terms Refers to the Pattern of Decisions