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1) What on earth is strategy? First of altogether, let me memorise what a strategy is. Strategy refers to a plan of adjoin designed to achieve a particular goal. So, the primary eccentric person of behaving strategic everyy is to be as effective as possible, here I recollect having the best and intended results. In my opinion, a strategy is a very definitive part of our life, because all(prenominal) daytime we are involved in varied situations and about all of them are about which strategy we have to choose. For example, lets look at educatee life strategies. Among them at that endue are a lot of ways a learner probably choose: an performance of success in study, an act of independence from parents, and an achievement to be employed after his graduation, and so forth And of course, each of these actions implies a set of actions HOW/WHAT to do, WHICH plan/way to choose, and so on 2) What are competitive dimensions? I hark bac k competitive dimensions of goods or services can be outlined as important attributes of the goods or services based on certain principles. And leastways they are designed to meet the different needs of customers. And on that point is a long key out of these dimensions, let me list them. on that point are a COST OR PRICE, QUALITY, DELIVERY urge/RELIABILITY, CHANGES IN DEMAND, FLEXIBILITY, and etcetera

In my opinion, its quite difficult and impractical to declare goods or services which will be embroil all of these dimensions at the same time. 3) What is a competitive precedency? militant pri ority is some particular quality providing a! fellowship with compatibility, giving superiority over competitors. In new(prenominal) words, we can arrange it as the degree of emphasis an validation places on its objectives to situate and sustain its competitive advantage. 4) What do trade- finish offs rattling mean? Usually, to get unmatched thing that we like, we have to dedicate up another thing that we like. Making decisions requires trading off one goal against another. For example, the classic...

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