Actions firms take to gain competitive advantages by operating in multiple markets or industries simultaneously are known as

Question

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Corporate-level strategies involve actions taken by firms to gain competitive advantages by operating in multiple markets or industries simultaneously. Business-level strategies refer to actions taken by firms to gain a competitive advantage in a specific market. Functional-level strategies involve actions taken by specific functional areas within the firm to support the overall corporate or business-level strategy. Macro-level strategies refer to actions taken by firms in response to changes in the overall economic, social, or political environment. Therefore, the best choice for the given question is B.

Actions Firms Take to Gain Competitive Advantages by Operating in Multiple