The Heart and Soul of a Company's Strategy-Making Effort Is

question 111

Multiple Choice

The heart and soul of a company's strategy-making effort is determining how to

• A)become the industry's low-cost provider.
• B)maximize profits and shareholder value.
• C)improve the efficiency of its business model.
• D)maximize profits while simultaneously operating in a socially responsible manner that keeps the company's prices as low as possible.
• E)come up with moves and actions that produce a durable competitive edge over rivals.

---

Definitions:

Income Distribution

The way in which a country's total income is distributed among its population, affecting economic inequality and living standards.

International Water Management Institute

A research organization that focuses on the sustainable use of water and land resources in developing countries to ensure food security and reduce poverty.

Clean Water

Water that is free of pollutants and contaminants, making it safe for human consumption and use.

Outlay

An amount of money spent on something, often related to business or project expenses.