Which of the Following Is NOT an Advantage of "Strategy

question 64

Multiple Choice

Which of the following is NOT an advantage of "strategy as theory"?​

• A)​It integrates both planning and action schools.
• B)​It requires both replications and experimentations.
• C) ​It encompasses an understanding of the difficulty of strategic change.
• D) ​It serves the single purpose of prediction.

---

Definitions:

MR = MC

The economic principle where marginal revenue equals marginal cost; it is optimal for firms pursuing profit maximization.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make normal profits in a competitive market.

P = ATC

A condition where price equals average total cost, indicating that firms are covering all their costs but not making economic profit.

Disequilibrium

A state where market supply and demand are not balanced, leading to excess supply or demand and price fluctuations.