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Companies can achieve growth mainly by ____.
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The two major approaches to corporate-level strategy are ____.
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In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. If ICI is successful in making the needed changes, it will more than likely implement a ____ strategy.
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If successful, which strategy is often followed by a growth strategy?
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Cost leadership, differentiation, and focus are the three types of ____ strategies discussed in the text.
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Companies use their resources to improve organizational efficiency and effectiveness.
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A(n) ____ strategy is a corporate strategy that addresses the question "How should we compete in this industry?"
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Top-Flite manufactures Strata golf balls and prices these balls at about three times what ordinary golf balls cost. The Strata ball sells exceptionally well because customers perceive its patented three-layer construction to improve handling and increase distance. The patent on these golf balls gives Top-Flite a(n) ____.
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Corporate-level strategy is the overall organizational strategy that addresses the question "What business or businesses are we in or should we be in?"
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Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other.
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