A graphical depiction of how a firm and major groups of its competitors are competing across its industry's factors of completion is referred to as the ________.
A) four-actions framework
B) value curve
C) industry learning curve
D) strategy life cycle

Question

Quizplus · Accepted Answer

A graphical depiction of how a firm and its major competitors are competing across its industry's factors of competition is referred to as the value curve. The four-actions framework is a tool for developing a new value curve by challenging the industry's assumptions. The industry learning curve refers to the phenomenon of reduced costs per unit as a result of learning and experience accumulated through production over time. The strategy life cycle is a framework that describes the different stages a firm goes through as it develops and implements a strategy.

A Graphical Depiction of How a Firm and Major Groups