BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A business level strategy is an integrated and coordinated set of commitments and actions that the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets.

Detailed explanation-2: -A strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy.

Detailed explanation-3: -Capabilities that are valuable, rare, costly to imitate, and non-substitutable are core competencies. i. Valuable: Valuable capabilities are the ones that allow the firm to exploit opportunities or avert the threats in its external environment.

Detailed explanation-4: -Core competencies are resources and capabilities that serve as a source of a firm’s competitive advantage over rivals. Core competencies distinguish a company competitively and reflect its personality.

Detailed explanation-5: -The correct answer here is option “B", corporate-level strategies. Actions firms take to gain competitive advantages by operating in multiple markets or industries simultaneously are known as corporate-level strategies. Growth is a precondition for the survival of a business firm.