Some Business Decisions Are Strategic and Therefore Deserve Strategic Management

question 84

Multiple Choice

Some business decisions are strategic and therefore deserve strategic management attention.Which of the following is one of the six strategic issue dimensions?

• A) Requires front-line employee decisions
• B) Is not likely to have a significant impact on long-term prosperity of the firm
• C) Necessitates considering factors in the firm's external environment
• D) Is spontaneous

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Definitions:

Promotion

The act of raising someone to a higher position or rank or the process of advertising a product, event, or service to increase sales or public awareness.

Contingency Workers

Individuals employed on a non-permanent basis, such as freelancers, consultants, or temporary contract workers, to meet variable demand.

Labour Costs

The total sum of all wages, benefits, and taxes a business must pay for its employees, often a significant factor in business operations and pricing strategies.

Cyclical Labour Demand

The fluctuating need for labor based on seasonal, economic, or market cycles.