A strategy can be defined as ______.

A. a day-to-day blueprint for an organization
B. a summary of a firm's competition that helps it position itself in the marketplace
C. an outline of a firm's competitive advantage

an organization's long-term course of action allowing it to achieve its goals

Business

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A group of small grocery shops forms a new business entity to buy products directly from manufacturers. The group buys products in bulk which are then distributed among members. This helps the shops obtain better profit margins

Which of the following types of vertical marketing system can be observed here? A) contractual B) corporate C) administered D) controlled E) regulatory

Business

Which of the following is an argument against embracing strategic trade policy?

A. It hampers the chances of a country's firms to effectively exploit the first-mover advantages. B. It is certain to be captured by special-interest groups within the economy, which will distort it to their own ends. C. It increases the prices of the products for the domestic consumers. D. It hampers the abilities of the domestic firms to achieve a dominant position in the global industry. E. It leads to a compromise in national sovereignty.

Business