true or false complete the 5 questions plz 1. A business?level strategy consists

Question

true or false complete the 5 questions plz

1. A business?level strategy consists of the competitive approach of a single line?of?business instead of the entire corporation. Answer: ______

2. Market penetration is an external growth strategy. Answer: ______

3. In general, firms create competitive advantage by offering a basic product at a premium price and/or a preferred product at a low price. Answer: ______

4. Analyzers are usually the first to enter new markets. Answer: ______

5. Reactors are best suited to move quickly into new market opportunities. Answer: ____

Explanation / Answer

answers

1 TRUE

reason- a business level strategy which is related to the core product and is Single line of Business rather than a whole corporation.

2.FALSE

reason- it is the part of internal strategy of expanding the bussiness.

3 FALSE

reason- its just opposite they offer basic product at a less price and product which is preferred at premium price.

4 FALSE

Reason- no they aren't the first ones, the first ones are the "innovators".

5 TRUE

reason- because the reactors are the firms who seek fast growth so they grab the opportunity to enter in the new markets

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