Once the Generic Strategy Is Selected

question 35

Multiple Choice

Once the generic strategy is selected,

• A)the business should generally mimic the strategic behavior of the leading business in its strategic group.
• B)the business should develop its functional strategies.
• C)the strategy should be fine-tuned to accentuate the organization's unique set of resource strengths.
• D)All of the above.

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Definitions:

Statement Of Cash Flows

A report detailing how shifts in income and balance sheet figures impact cash and its equivalents.

Cash Balance

The amount of cash or cash equivalents that a company or individual has available at any given time.

Common-Size Statement

A common-size statement is a financial statement in which each line item is expressed as a percentage of a certain figure for the purpose of comparison and analysis, such as revenues in an income statement.

Financial Positions

The status of an individual's or organization's assets, liabilities, and net worth at a specific point in time.