Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Operational efficiency
B
Market segmentation
C
Organizational flexibility
D
Strategic positioning
Understanding the Answer
Let's break down why this is correct
Answer
Business strategy is a plan that gives a firm a competitive advantage by guiding decisions and positioning. Resource allocation is the process of assigning money, people, and time to projects and activities. When done well, it leads to efficient use of resources and cost savings, which in turn boosts performance and gives the company an edge. For example, a company that allocates a larger share of its budget to research and marketing can launch a new product faster than rivals, creating a competitive advantage.
Detailed Explanation
Resource allocation is how an organization decides where to put its money, people, and time. Other options are incorrect because People often think making things run smoothly inside a company is the same as positioning the company in the market; Some learners believe targeting specific groups automatically positions a company.
Key Concepts
Business Strategy
Resource Allocation
Competitive Advantage
Topic
Business Strategy
Difficulty
medium level question
Cognitive Level
understand
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