In strategic management, strategists engage in three pillars. These three pillars include the________ of major goals and objectives.

How do high interest rates affect a business?

Lourdes owns Benefice Corporation and wants to maintain a dual focus on creating shareholder value while at the same time increasing value for society as a whole. Lourdes is following the

A(n)________ industry is one that is characterized by many small firms, a commodity product, and little or no ability for each firm to raise its prices.

When a firm does not continually upgrade or improve core competencies, its competitors are likely to

Competitive rivalry based solely on________ is destructive to firms, as it transfers most of the value created in the industry to the customers.

The management of Venture Manufacturing showed a commitment to________ by increasing the salary of many female employees to meet its goal of having equal pay for comparable work regardless of gender.

Firms that can employ and establish________ are more likely to protect their competitive advantage from being copied and/or eroding away.

A wearable technology company has priced one of its wristwatches at $210. Most of its competitors sell similar watches at $180. Selling at any price less than $150 would result in a loss for the company. However, the absolute maximum a customer is willing to pay for it is $170. In this scenario, what is the reservation price of the wristwatch?

The strategic decision to design a supply chain to provide higher quality products at a lower cost while also reducing environmental impact represents