Answered: Using the right strategy to face the…

Business

Operations Management

Using the right strategy to face the competitive forces may give the company a competitive advantage

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section: Chapter Questions

Problem 4CRQ: What is a firms micro environment, and why is it important?

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Concept explainers

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.

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Using the right strategy to face
the competitive forces may give
the company a competitive
advantage
O True
O False

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