Which of the Following BEST Describes a Business Strategy

question 68

Multiple Choice

Which of the following BEST describes a business strategy?

• A) A strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines
• B) A strategy at the business unit or product line level that focuses on improving a firm's competitive position
• C) A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
• D) A strategy that assists first line managers in making day-to-day decisions about motivating employees
• E) A strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

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Definitions:

Past Experiences

Events or situations that have occurred in one's life, which can influence beliefs, attitudes, and behaviors in the present.

Current Expectations

Refers to the beliefs or forecasts people currently hold about what will happen in the future based on present information.

Distorted

Pertains to something that has been altered or misrepresented from its original form, often leading to a false or misleading perception.

Imagination Inflation

A phenomenon where imagining an event which never happened can increase confidence that it actually occurred.