Question

A firm's ________ is defined as its theory about how to gain competitive advantages.

A) objective
B) mission
C) vision
D) strategy

Answer 1

A firm's strategy is its theory about gaining competitive advantages. It encompasses the specific decisions and actions taken by a company to achieve its objectives and fulfill its mission. A well-developed and executed strategy can help a firm differentiate itself from competitors and achieve sustainable competitive advantage.

Step-by-step explanation:

A firm's strategy is defined as its theory about how to gain competitive advantages. It encompasses the specific decisions and actions taken by a company to achieve its objectives and fulfill its mission. A well-developed and executed strategy can help a firm differentiate itself from competitors and achieve sustainable competitive advantage.

firm's strategy is its theory about gaining competitive advantages. It encompasses the specific decisions and actions taken by a company to achieve its objectives and fulfill its mission. A well-developed and executed strategy can help a firm differentiate itself from competitors and achieve sustainable competitive advantage.