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To position itself differently from competitors, a firm must decide whether it intends to perform activities differently or to perform different activities

Quality affects competitive rivalry because a competitor whose products suffer from poor quality likely will __________ until __________.

Antitrust regulation, tax laws, and low performance are all value-neutral reasons why firms engage in diversification

Population size is determined by the difference between the birth rate and death rate of individuals. What factors influence the birth rate?

A risk of the differentiation strategy is that a firm’s means of differentiation may cease to provide value for which customers are willing to pay

The search for understanding of geologic processes is complicated by

In a money-making effort, a small private university has decided to institute consulting services using its business faculty as consultants whose services would be sold to clients. This university is attempting to use its faculty to gain economies of scope

The Earth is a (n) ___________ system.

When selecting a business-level strategy, the firm determines who will be served, what needs those target customers have that it will satisfy, and how those needs will be satisfied

Economies of scope are cost savings a firm creates by successfully sharing resources and capabilities or transferring one or more corporate-level core competencies that were developed in one of its businesses to another of its businesses