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Which of the following best describes a strategist’s main challenge?
Question: Which of the following best describes a strategist’s main challenge?
- Understand answers to the three fundamental questions in order to recognize a firm’s best competitive position
- Understand opportunities within an industry to improve a firm’s competitive position
- Understand the capabilities of firms and industries in order to maximize their future profits
- Understand a firm’s values and how they affect decision-making
Answer: Understand the capabilities of firms and industries in order to maximize their future profits
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