Which of the Following Is True About Business Strategies

question 116

Multiple Choice

Which of the following is true about business strategies?

• A) An organization should stick with its strategy for the life of the business.
• B) All firms within an industry will adopt the same strategy.
• C) Well defined missions make strategy development much easier.
• D) Strategies are formulated independently of SWOT analysis.
• E) Organizational strategies depend on operations strategies.

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Definitions:

Saving

Disposable income not spent for consumer goods; equal to disposable income minus personal consumption expenditures; saving is a flow. Compare with savings.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) scores compared to developed countries.

Banking System

The network of institutions that provide financial services, including the holding of deposits, providing loans, and facilitating payments.

Aggregate Domestic Output

The total value of all goods and services produced within a country's borders in a specific time period.