Match the Options Below with the Correct Phrases

question 24

Multiple Choice

Match the options below with the correct phrases:
-prospector strategy

• A)a business-level strategy to keep tight controls over expenses
• B)a strategy to acquire similar products or services
• C)a strategy to accept the status quo
• D)a business unit with low market share and low market growth rate
• E)the processes associated with putting the strategic plan into motion
• F)a strategy element that identifies the current position and its relationship to competitors
• G)a strategy to explore "uncharted waters"
• H)a planning tool grouping businesses based on market growth rate and market share
• I)a strategy to reduce the size or scope of activities
• J)major organizational departments such as marketing and human resources are critical to this strategy

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Definitions:

Efficiency

The ability to achieve a goal or complete a task with minimum waste of time, effort, and resources.

15 Percent

A figure that typically represents a portion, fraction, or rate equating to fifteen out of every hundred or 15% of a total.

Meta-Communication

Communication about communication, which includes the underlying messages, context, and cues beyond the literal meaning of words.

Hidden Assumptions

Hidden assumptions are unspoken or unconscious beliefs that underpin our thoughts, decisions, and actions, affecting our perceptions and understandings without us being aware.