Gcu Bus-485 Midterm Questions And Answers 100% Verified A+ Guaranteed

Slow-cycle markets {Ans: Markets in which the firm's competitive advantages are shielded from imitation, commonly for long periods of time, and where imitation is costly.}Related linked diversification strategy (Moderate to High) {Ans: The diversified company with a portfolio of businesses that have only a few links between them is called a mixed related and unrelated firm}First mover {Ans: A firm that takes an initial competitive action in order to build or defend its competitive advantages or to improve its market position.}Unrelated diversification strategy (Very High) {Ans: A highly diversified firm that has no relationships between its businesses}Strategic action/Strategic Response {Ans: A market-based move that involves a significant commitment of organizational resources and is difficult to implement and reverse.}Stakeholders {Ans: The individuals, groups, and organizations that can affect the firm's vision and mission, are affected by the strategic outcomes achieved, and have enforceable claims on the firm's performance.}