Which of the Following Is True About Business Strategies

question 116

Multiple Choice

Which of the following is true about business strategies?

• A) An organization should stick with its strategy for the life of the business.
• B) All firms within an industry will adopt the same strategy.
• C) Well defined missions make strategy development much easier.
• D) Strategies are formulated independently of SWOT analysis.
• E) Organizational strategies depend on operations strategies.

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Definitions:

Approach

In marketing and sales, the method or strategy used to engage with potential customers or clients, aiming to initiate interaction or a transaction.

Q-sort Correlates

A method used in psychology to assess individuals' personality traits by having them sort a set of statements in order of applicability to themselves.

Table of Q-sort

A method used in psychology to assess individuals' personality traits by having them sort a set of statements in a way that best describes their behavior or attitude.

Negative Emotionality

Describes a personality trait characterized by pervasive feelings of anxiety, sadness, and vulnerability.