Final answer:
The firm's core strategy is its business strategy. This strategy focuses on the specific products or services that the firm offers and how it differentiates itself from competitors in the market.
Step-by-step explanation:
The firm's core strategy is its business strategy. This strategy focuses on the specific products or services that the firm offers and how it differentiates itself from competitors in the market.
For example, a company like Apple has a strong business strategy that centers around its core competency of designing and manufacturing innovative consumer electronics, such as iPhones, iPads, and MacBooks. This singular focus on a few products has contributed to their success in the market.
Other types of strategies, like corporate, pricing, and international strategies, can support and complement a firm's business strategy, but the core strategy typically refers to the specific products or services that the firm specializes in.