All of the Following Are Reasons to Be Completely Open

question 86

Multiple Choice

All of the following are reasons to be completely open as opposed to secretive with the strategy process EXCEPT

• A) managers, employees, and other stakeholders can readily contribute to the process.
• B) stakeholders have greater basis for understanding and committing to a firm that is open.
• C) visibility promotes democracy, whereas secrecy promotes autocracy.
• D) participation and openness enhance understanding, commitment, and communication within the firm.
• E) openness limits rival firms from imitating or duplicating the firm's strategies.

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Definitions:

Black Market

An illegal market where goods or services are traded without compliance with legal requirements, often including the sale of illicit goods.

Illegal Trading

Unlawful transactions of goods or services that may involve insider trading, market manipulation, or trading of illegal items.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.

Equilibrium Quantity

The quantity of goods or services supplied that equals the quantity demanded at the market equilibrium price.