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During a financial downturn, a firm may consider diversification as a value-neutral defensive strategy to protect itself against what?

Airbnb matches people wanting to rent out their properties with individuals seeking properties to rent. What type of business model does Airbnb use?

Mighty Mike’s, a manufacturer of power tools for the home hobbyist, has seen its main competitor, MyTools, introduce a line of power tools that are smaller sized, lighter weight, and suitable for women and older hobbyists who have weaker hands than the typical male workshop hobbyist. Mighty Mike’s is waiting to see whether MyTools’ new line is a success. Mighty Mike’s could be classified as a second mover

In the context of competitive rivalry, what is an actor’s reputation?

The generalized forms of value that goods and services provide are either low cost with acceptable features or highly differentiated features with acceptable cost

Almost any identifiable human or organizational characteristic can be used to subdivide a market into segments that differ from one another on a given characteristic

The __________ dimension of relationships with customers is concerned with the firm’s access and connection to customers.

Competitive rivalry has more effect on a firm’s __________ strategies than the firm’s other strategies.

Goods or services in standard-cycle markets reflect:

Many manufacturing firms are reducing vertical integration and moving to independent supplier networks