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:

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Secondary Labour Market

Refers to jobs characterized by low pay, job insecurity, limited career prospects, and minimal benefits, often contrasted with the 'primary' market which offers better employment conditions.

Interlocking Directorates

Are formed when an individual sits on the board of directors of two or more non-competing companies.

Conglomerates

Are large corporations that operate in several industries at the same time.