It Is Advisable to Have Management from All Levels Participate

question 42

Multiple Choice

It is advisable to have management from all levels participate in the strategy formulation process

• A) because it is a legal requirement.
• B) because collective bargaining agreements often mandate worker participation.
• C) to gain an insight as to what work needs to be done and to gain cooperation in the implementation of the strategy.
• D) because it is part of their job responsibilities to provide input regarding their respective area of expertise.
• E) because it helps boost the self-image and ego of all managers to be asked for advice.

---

Definitions:

Market Segments

The groups of consumers who have shared characteristics and similar product needs.

VALS Framework

A psychographic tool that classifies consumers into eight categories based on their responses to a questionnaire, used for market segmentation.

Consumer Groups

Collections of individuals or organizations that act together to advocate for the rights and interests of consumers.

Different Behaviors

Varied actions or reactions of individuals in response to external or internal stimuli, differing across contexts or situations.