5 Questions
Which term refers to the value added to the original product offering when used together?
Complement
What framework categorizes external factors such as political, economic, and technological that can impact a firm?
PESTEL model
What is the term used to describe cooperation among competitors to achieve a strategic objective?
Co-opetition
What are obstacles that determine how easily a firm can leave an industry known as?
Exit barriers
Which term refers to industry-specific factors that separate one strategic group from another?
Mobility barriers
Test your knowledge on key business strategy concepts such as complement, co-opetition, entry barriers, exit barriers, and firm effects. Explore the factors influencing industry profit potential and firm performance.
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