Question

A(n) ____ strategy is a competitive strategy by which a firm establishes new business linkages with customers, suppliers, competitors, and other companies

Answer 1

Thank you for this question. Please find the answer below: 

The competitive strategy by which a firm establishes new business linkages with customers, suppliers, competitors, and other companies is;

Alliance. 

Through alliance, firm can expand the business and gain profit as well as result in the welfare and economic growth of the country. 

Answer 2

A(n) ____  strategy is a competitive strategy by which a firm establishes new business linkages with customers, suppliers, competitors, and other companies

                                                                                                               Answer:-

Solution:-

Cost Leadership Explanation: Cost leadership is considered as a competitive strategy with the help of which a firm establishes new business linkages with various entities like customers, suppliers, manufactures, distributors, salespersons, channel partners, and other companies.

In today’s business, cost leadership has established competitive advantage assuring the lowest operation cost in an industry.

It is ideally driven by company size, scale, scope, efficiency, and collective experience.

Reference:

https://www.coursehero.com/file/10589040/Chapter-2-Practice-Quiz/