Evaluating Strategic Choices Should Involve Four Tests

question 42

Multiple Choice

Evaluating strategic choices should involve four tests:

• A) consistency, consonance, competitive advantages, and differentiation
• B) competitive advantages, differentiation, feasibility, and consistency
• C) competitive advantages, consistency, feasibility, and consonance
• D) consistency, consonance, cost leadership, and feasibility

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Definitions:

Acceptance

in contract law, signifies the agreement of the offeree to the terms of the offer, resulting in a legally binding contract.

Offeror

The person or entity that presents a proposal or bid in a contract negotiation, awaiting acceptance or rejection by the offeree.

Objective Standard

A legal principle that evaluates the actions of individuals based on what a reasonable person would do under similar circumstances.

Contract

A legally enforceable agreement between two or more parties where each agrees to fulfill certain obligations in exchange for benefits or considerations.