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.

---

Definitions:

Demand For Pounds

The desire or need for a given amount of a commodity, such as currency or weight, by consumers or businesses.

Appreciate

To increase in value or price over time.

Fix Exchange Rate

A government or central bank policy of setting the exchange rate of a currency relative to other currencies.

Dollar-Yen Foreign Exchange

The exchange rate between the U.S. dollar and the Japanese yen, indicating how much yen can be exchanged for one U.S. dollar in the foreign exchange markets.