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Questions and Answers
Which term refers to the value added to the original product offering when used together?
Which term refers to the value added to the original product offering when used together?
- Strategic commitments
- Complement (correct)
- Exit barriers
- Network effects
What framework categorizes external factors such as political, economic, and technological that can impact a firm?
What framework categorizes external factors such as political, economic, and technological that can impact a firm?
- Five forces model
- PESTEL model (correct)
- Mobility barriers
- Firm effects
What is the term used to describe cooperation among competitors to achieve a strategic objective?
What is the term used to describe cooperation among competitors to achieve a strategic objective?
- Entry barriers
- Industry analysis
- Strategic group
- Co-opetition (correct)
What are obstacles that determine how easily a firm can leave an industry known as?
What are obstacles that determine how easily a firm can leave an industry known as?
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Which term refers to industry-specific factors that separate one strategic group from another?
Which term refers to industry-specific factors that separate one strategic group from another?
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