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What strategy did many giant corporations adopt to adapt to the changing dynamics in the business landscape?
  • a)
    Expanding their vertically integrated structures.
  • b)
    Focusing on diversification across industries.
  • c)
    Outsourcing non-core production elements.
  • d)
    Increasing their marketing efforts.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What strategy did many giant corporations adopt to adapt to the changi...
Many giant corporations downsized and focused on their core competencies, outsourcing non-core production elements to reduce overhead costs. This strategy allowed them to be more flexible, innovative, and responsive to market changes.
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What strategy did many giant corporations adopt to adapt to the changing dynamics in the business landscape?a)Expanding their vertically integrated structures.b)Focusing on diversification across industries.c)Outsourcing non-core production elements.d)Increasing their marketing efforts.Correct answer is option 'C'. Can you explain this answer?
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