Actions firms take to gain competitive advantages in a single market or industry are known as
A) business level strategies.
B) corporate level strategies.
C) diversification strategies.
D) strategy implementation.

Question

Quizplus · Accepted Answer

Business level strategies refer to the specific actions and approaches taken by a firm to gain a competitive advantage within a single market or industry. Corporate level strategies pertain to decisions regarding a company's overall corporate structure and scope of activities. Diversification strategies involve expanding into multiple markets or industries. Strategy implementation refers to the process of putting specific plans into action.

Actions Firms Take to Gain Competitive Advantages in a Single