The Fundamental Task of Business Strategy Is to Determine How

question 37

Multiple Choice

The fundamental task of business strategy is to determine how the firm:

• A)Will make a profit in its industry environment
• B)Will deploy its resources to satisfy its short-term financial goals
• C)Will deploy its resources to satisfy its long-term goals
• D)Can organize its activities to obliterate its rivals

---

Definitions:

Stockholders' Equity

The ownership interest of shareholders in a corporation, represented by the company's assets minus its liabilities.

Ownership Claim

A declaration or assertion of legal rights to possess and use property.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date.

Money Borrowed

Funds that have been provided by one party to another under the condition that it will be returned, often with interest.