A single business strategy increases the firm's vulnerability to its competition and to changes in the external environment.

Name: A single business strategy increases the firm's vulnerability to its competition and to changes in the external environment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Relying on a single business strategy can limit a firm's flexibility and adaptability, making it more susceptible to competitive pressures and changes in the market or external environment. Diversification of strategies can help mitigate these risks.

A Single Business Strategy Increases the Firm's Vulnerability to Its