A Firm Can Simultaneously Pursue Dual Strategies

question 18

Multiple Choice

A firm can simultaneously pursue dual strategies:

• A)This goes against all the theory on strategy
• B)It can, so long as it maintains separate organizations to pursue each strategy
• C)This is impossible
• D)This is only possible in large multinational firms.

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Definitions:

Behaviorism

A psychological approach that emphasizes the study of observable behaviors and the external stimuli that lead to them, discounting the importance of internal mental states.

Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Social Institutions

Established systems and structures within society that dictate certain patterns of behavior, such as family, religion, education, and government.