Business strategy focuses on improving the competitive position of a company's or business unit's products or services within the specific industry or market segment that the company or business unit serves.

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This statement is true. Business strategy is all about gaining a competitive edge in the market served by a company or business unit. A well-crafted business strategy can help a company to differentiate its products or services, create unique value propositions, and ultimately improve its market position, profitability, and growth prospects. Therefore, business strategy is a critical function for any organization that wants to stay ahead of the competition and build sustainable success over time.

Business Strategy Focuses on Improving the Competitive Position of a Company's