Which of the Following Statements About Strategy Is Most Accurate

question 333

Multiple Choice

Which of the following statements about strategy is most accurate?

• A)An organization can be all things to all people because it has access to all the resources it needs to discover and satisfy the needs and wants of its target markets.
• B)The marketing department helps to both set an organization's direction and move it there.
• C)The American Marketing Association (AMA)recently has established the definition of strategy.
• D)Strategy is an organization's short-term course of action designed to deliver a specific customer experience while achieving its internal standards.
• E)Only start-up organizations must develop strategies to help them raise capital as well as focus and direct their efforts to accomplish their goals.

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Definitions:

Foreign Operations

Business activities and functions conducted outside of the company's home country, often involving different cultural and regulatory environments.

High-context Japan

A reference to the Japanese culture being high-context, where communication is heavily reliant on implicit understanding and non-verbal cues, compared to direct verbal communication.

Exchanging Business Cards

A formal introduction and networking practice where individuals exchange cards containing business and contact information during professional meetings or events.

Ethnocentric Orientation

A viewpoint that evaluates other cultures according to the standards and customs of one's own culture, often leading to cultural bias and misunderstanding.