Question

A strategic position is the firm's profile based on value creation and cost. Effective managers will create a large gap between the ______________ and the cost required to produce it.

Answer 1

Value creation

Step-by-step explanation:

Value creation is the primary aim of any business entity. Creating value for customers helps sell products and services, while creating value for shareholders, in the form of increases in stock price, insures the future availability of investment capital to fund operations.