The Notion of Strategy Assumes

question 21

Multiple Choice

The notion of strategy assumes

• A)that an organization has a plan.
• B)that an organization's strategic managers understand the source of its competitive advantage.
• C)that the organization's members understand the reason for its existence.
• D)All of the above.

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Definitions:

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.

Excluded

Not included, left out, or omitted from a group, list, or category.

Rivalry in Consumption

A situation where the consumption of a good or service by one individual reduces its availability for consumption by others.

Public Good

Offerings of goods or services to the whole society at no expense, facilitated by either the state or private entities, not pursuing profitability.