Crafting a Deliberate Strategy Involves Developing Strategy Elements That

question 95

Multiple Choice

Crafting a deliberate strategy involves developing strategy elements that

• A)imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
• B)comprise a five-year strategic plan that is then fine-tuned during the remainder of the plan period; big changes in strategy are thus made only once every five years.
• C)consist of a blend of proactive new planned initiatives plus ongoing strategy elements continued from prior periods.
• D)deliberately eliminate the ongoing strategic elements and implement new planned initiatives.
• E)consist of adaptive change plans to new market situations along with abandoned redundant ongoing elements.

Comprehend the significance of concluding persuasive messages on a positive note.

Identify the flexibility and application of the AIDA model in persuasive messaging.

Recognize the effectiveness of product samples in capturing attention in marketing.

Understand the necessity of providing comprehensive case details when making a persuasive claim.

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Definitions:

Average Revenue

Average revenue refers to the amount of money generated per unit of product sold, calculated by dividing total revenue by the number of units sold.

Marginal Cost

The additional expenditure required to produce one more unit of a product or service.

Marginal Revenue

The additional income that is generated from selling one more unit of a good or service.

Marginal Cost

The financial outlay for producing a subsequent unit of a product or service.