A car parts company decides to discontinue the production of its lowest-selling products and instead focuses on its areas of expertise. The company innovated a new automobile product with unique value. This is an example of using its:

a. Core competency.
b. Competitive advantage.
c. Management strategies.
d. Market power.
e. Management skills.

The correct answer is letter "C": Management strategies.

Explanation:

Strategic Management involves the series of steps companies take to use their resources efficiently to achieve their objectives. Strategic management implies making changes to the corporate structure tearing down barriers for the development of new strategies. The firm's corporate culture and its employees' skills are the principal factors that will allow managers to change tides when the organization is struggling.

answer; test-retest;

answer; the nav calculated at the market close at 4: 00 pm new york time;