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

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Definitions:

Stratigraphic Timeline

A chronological ordering of layered sedimentary rocks, representing the sequential events in the Earth's geologic history.

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.

Jurassic Period

A geologic period and system that occurred about 201 to 145 million years ago, known for the prevalence of dinosaurs and the breakup of the supercontinent Pangea.

Numeric Age

Geologic age of a rock, sediment, fossil, or event calculated in thousands, millions, or billions of years before present; synonym: absolute age.