Which of the Following Statements Is True of Strategy

question 58

Multiple Choice

Which of the following statements is true of strategy?

• A)Strategy cannot be shifted by leaders.
• B)Strategy defines the company's core values and reason for being, and it provides a basis for creating the VlSlOll.
• C)Strategy involves making decisions every day based on what the organization wants to do and be.
• D)Strategy is developed by leaders by reacting to environmental changes.

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Definitions:

Sales-Cost Ratio

A metric used to evaluate the effectiveness of sales efforts by comparing the cost of achieving sales to the amount of sales generated.

Overnight Trips

Short travel or journeys that involve staying away from home for one night, often for business or leisure purposes.

Criterion

A standard, rule, or test by which something can be judged or measured, often used in decision-making or evaluation processes.

Core Principles

Fundamental beliefs or values that serve as the foundation for behavior, decision-making, and actions within an organization or individual's life.