It Is Normal for a Company's Strategy to End Up

question 12

Multiple Choice

It is normal for a company's strategy to end up being

• A)a blend of offensive actions on the part of managers to improve the company's profitability and defensive moves to counteract changing market conditions.
• B)a combination of conservative moves to protect the company's market share and somewhat more risky initiatives to set the company's product offering apart from rivals.
• C)a close imitation of the strategy employed by the recognized industry leader.
• D)a blend of proactive actions to improve the company's competitiveness and financial performance, and adaptive reactions to unanticipated developments and fresh market conditions.
• E)more a product of clever entrepreneurship than of efforts to clearly set a company's product/service offering apart from the offerings of rivals.

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated.

BMIs

Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women.

Concrete Operational Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 7 and 12, where children gain a better understanding of logical operations and are no longer fooled by appearances.

Hypothetical Thinking

The capacity to consider possibilities, scenarios, or outcomes that are not based upon actual events or experiences.