Final answer:
The statement that a firm takes actions to achieve strategic competitiveness and above-average returns when implementing strategies is true. Implementing such strategies involves complex processes and aligns with the goals of the firm in the competitive market landscape. The correct option is a) True
Step-by-step explanation:
To implement a firm's strategies, the firm takes actions with the goal of achieving strategic competitiveness and above-average returns. This statement is true. Strategic competitiveness is realized when a firm successfully formulates and implements a value-creating strategy. Above-average returns are earned when a firm develops a competitive advantage by providing goods or services that are perceived as valuable. The process of implementing strategies is intricate and often involves a mix of resource allocation, operational changes, and adherence to strategic objectives to align with the firm's overall goals and market demands.
The theory of the firm emphasizes how competition can lead to consumer benefits such as lower prices and innovative products. It also suggests that while large-scale production can reduce costs, it also has the potential to diminish competition, thus necessitating government intervention at times.
The correct option is a) True