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Explain Business strategy
Business strategy is concerned with how an operating unit or strategic business unit approaches a certain market. This is the level where competitive strategy is typically formulated in order to gain competitive benefit in the particular market that is chosen. These strategies require to ensure there is a balanced portfolio of products.
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.” Differentiate between corporate mission and strategic vision by taking corporate illustrations
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Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in
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