As the Competitive Environment Changes, Strategic Management Must Focus on Different

question 8

Multiple Choice

As the competitive environment changes, strategic management must focus on different aspects of the organization. Recently strategic management has moved from focusing on

• A) intangible resources to tangible resources.
• B) tangible resources to intangible resources.
• C) working capital to fixed capital.
• D) fixed capital to working capital.

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Definitions:

Economies Of Scale

The cost advantage achieved by an increase in production, leading to a lower cost per unit.

Facilities

Physical locations or infrastructures where business operations occur, including offices, factories, and warehouses.

Distributors

Entities engaged in the business of distributing goods, typically bought from manufacturers, directly to retailers or customers.

Supply Chain

The entire process of making and selling commercial goods, including raw materials sourcing, manufacturing, distribution, and sales.