Managers Must Be Prepared to Modify Their Strategy Except When

question 88

Multiple Choice

Managers must be prepared to modify their strategy except when

• A)changing circumstances affect performance and the desire to improve the current strategy.
• B)rivals make or adjust moves in the market due to the shifting needs of buyers.
• C)encountering stagnating market conditions and increasingly restrictive new customer acquisition opportunities.
• D)evidence is mounting that the current strategy is becoming less effective.
• E)rivals announce their monthly profit margins in public.

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Definitions:

Supply Chain Management

Monitoring the flow of products, information, and financial resources as they transition from the supplier through to the manufacturer, wholesaler, retailer, and eventually the consumer.

Distribution Channels

Pathways and intermediaries through which a product or service flows until it reaches the end consumer.

Supply Chains

Networks of individuals, organizations, resources, activities, and technologies involved in the production and delivery of a product or service.

Logistic Channels

Pathways or networks used for the distribution of goods from manufacturers to consumers.