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Unformatted text preview: Lay, it is developing what level of business strategy? Selected Answer: corporate What are the three main types of corporate strategies? Selected Answer: growth, stability, and renewal An organization that is diversifying its product line is exhibiting what type of growth strategy? Selected Answer: growth In the Boston Consulting Group (BCG) matrix, a business unit that exists in a low anticipated growth rate and a high market share is known as a ________. Selected Answer: cash cow An example of ________ is when an organization possesses a characteristic that sets itself apart from competitors and gives the firm a distinctive edge. Selected Answer: competitive advantage...
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- Spring '08