Which of the Following BEST Describes Business Strategy

question 32

Multiple Choice

Which of the following BEST describes business strategy?

• A) a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines
• B) a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position
• C) a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
• D) a strategy that assists first-line managers in making day-to-day decisions about motivating employees
• E) a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

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Definitions:

Maintenance Rehearsal

A cognitive process that involves repeatedly verbalizing or thinking about a piece of information to keep it in short-term memory.

Depth-of-processing Approach

A theory that suggests the depth at which information is thought about or processed affects how well it is remembered; deeper processing involves meaningful analysis and leads to better recall.

Interference Theory

The theory suggesting that the ability to remember information is affected by other learning, leading to memory interference and forgetting.

Stage Theory

A theory that development occurs in distinct phases or stages, each characterized by specific criteria.