Strategy Is ________

question 13

Multiple Choice

Strategy is ________.

• A) a quality of executive management that provides inspirational guidance and motivation to personnel, leading the firm to a better future
• B) the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn and adopt
• C) a planned set of actions that managers employ to make best use of the firm's resources and core competencies to gain competitive advantage
• D) the procurement of selected value-chain activities, including production of intermediate goods or finished products, from independent suppliers

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Definitions:

Fertilized Ova

A zygote formed through the union of a sperm and an egg, marking the beginning of a human life.

Strategic Alliance

A formal agreement between two or more parties to pursue a set of agreed objectives while remaining independent organizations.

IPO

Initial Public Offering, a process by which a private company offers shares to the public in a new stock issuance.

Outright Sale

A transaction in which ownership of assets, businesses, or properties is fully transferred from the seller to the buyer in exchange for an agreed sum.