Which of the following frameworks correctly identifies the three steps in the strategic management process?

For a corporate strategy, which question is often asked?

Food Shipp Inc. is a food supply company that wants to sell its products directly to consumers through mail order instead of going through supermarkets and other stores. However, supermarket chains want to make this transaction either illegal or more difficult for Food Shipp. To accomplish this, they are using________ to influence the political process.

STRIKEBYTE is a software company that has created and acquired numerous assets over the years. According to the resource-based view of a firm, which of the following assets of STRIKEBYTE will best enable it to gain and sustain a competitive advantage?

Strategies developed at the departmental level, such as the customer service, human resources, procurement, and sales departments, within a strategic business unit are referred to as________ strategies.

Ayesha, the founder of Solid Foundation Construction, strongly believes in the notion of corporate social responsibility, so she proposed several philanthropic activities that she expects the company to pursue. In order to accomplish this vision, the managers should first

________ allow(s) a firm to differentiate its products and services from those of its rivals, creating higher value for the customer or offering products and services of comparable value at lower cost.

The broad question that business-level strategy answers is________ the firm will compete.

Which of the following statements about business-level strategies is true?

Activate Equipment Inc. has been successful at differentiating itself from competitors by claiming a premium price for its treadmills based on integrated HD displays, workout tracking capabilities, and advanced technology. In this scenario, which of the following is the key value driver?