A ________ describes how a business will compete in its primary market.
A) mission statement
B) corporate strategy
C) competitive advantage
D) competitive strategy

Question

Quizplus · Accepted Answer

A competitive strategy describes how a business plans to compete in its primary market, and involves decisions about pricing, marketing, product development, and other aspects of the business. A mission statement articulates the company's overall purpose and values, while a corporate strategy outlines the company's overall direction and focus. Competitive advantage refers to the unique advantage a company has over its competitors in terms of cost, quality, or other factors.

A ________ Describes How a Business Will Compete in Its