"We Are the Only Gas Station in Town Where You

question 119

Multiple Choice

"We are the only gas station in town where you can get a free car wash with a $20 or more purchase of gas." This statement is best described by which part of the strategic management process?

• A) analyze the environment
• B) vision
• C) mission
• D) goal
• E) strategy
• F) value
• G) core competence

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Definitions:

Repossesses

The act of taking back an item, typically a vehicle or property, when the buyer fails to make the required payments.

Breach of Warranty

The failure to fulfill the terms of a promise or assurance, typically regarding the quality, condition, or performance of a product or service.

Lessor

The party in a lease agreement who owns the leased asset and provides it to the lessee in return for payment.

Warranted

Justified; having a valid reason or basis, often referring to a guarantee provided on a product or service.