A crucial condition upon which the success of a business-level strategy rests is:
A) The fact that as customer expectations change the business must be searching for new customers who favour the company's existing products or services
B) Always bearing in mind that competition evolves; existing competitors change and new ones arise
C) Being able to identify and participate in those industries that are stable
D) Allowing all employees the freedom to adjust the strategy from day-to-day as business conditions change

Question

Quizplus · Accepted Answer

Competition is always evolving, and this makes it crucial for a business-level strategy to be successful. The company must be able to anticipate and respond to competitive threats from existing players as well as new entrants. The strategy should be able to adapt to the changing environment to remain competitive. Therefore, option B is the best choice.

A Crucial Condition Upon Which the Success of a Business-Level