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19 Explain how choosing different strategic positions can help the firm achieve competitive advantage. (Hint: What specific strategic positioning can firms choose? How does each

19 Explain how choosing different strategic positions can help the firm achieve competitive advantage. (Hint: What specific strategic positioning can firms choose? How does each strategic position create value for the firm? Does value creation directly lead to competitive advantage?)

20 The learning curve is the decrease in unit costs as the size of the firm increases.

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