BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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expand strategy
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Integration strategy
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Geographical strategy
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Detailed explanation-1: -New Entry. Entrepreneurial strategy – The set of decisions, actions, and reactions that first generate, and then exploit over time, a new entry. Generation of a New Entry Opportunity. Resources as a Source of Competitive Advantage.
Detailed explanation-2: -Market entry defined Market entry strategy is a plan to expand the visibility and distribution of a product or service to a new market. Market entry research helps brands to expand into new domestic or international markets where the competitive, legal, political or cultural landscape might be less known.
Detailed explanation-3: -Market entry strategies are methods companies use to plan, distribute and deliver goods to international markets. The cost and level of a company’s control over distribution can vary depending on the strategy it chooses.