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Strategic Management Questions and Answers High Distinction 2023
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What is strategy? - -A set of actions that its managers take to outperform the company's competitors and achieve superior profitability. (about competing differently from rivals) -What is a sustainable competitive advantage? - -If the competitive advantage persist despite the best efforts of competitors to match or surpass this advantage. -How does sustainable competitive advantage relate to strategy? - -A strategy must be distinctive to be able to have a competitive advantage. The strategy determines the competitive advantage
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Strategic Management Final Exam Review Questions and Answers Grade A+ 2023
