The effectiveness of any of the generic business-level strategies is contingent upon:
A) customer needs and competitors' strategies.
B) the firm's resources,capabilities,and core competencies and the opportunities/threats of the environment.
C) product line scope and national economic conditions.
D) management's leadership style and the wealth of the firm's target market.

Question

Quizplus · Accepted Answer

The effectiveness of any of the generic business-level strategies depends on the firm's internal factors such as resources, capabilities, and core competencies as well as external factors like opportunities and threats of the environment. The strategies should align with both internal and external factors to be effective. Customer needs and competitor strategies are important factors but not the only factors in determining the effectiveness of a business strategy. Product line scope and national economic conditions as well as management's leadership style and target market wealth are also not crucial determinants in the effectiveness of a generic business-level strategy.

The Effectiveness of Any of the Generic Business-Level Strategies Is