A Sound Strategy Relies on Four Factors: Simple, Long-Term and Consistent

question 45

True/False

A sound strategy relies on four factors: simple, long-term and consistent goals; profound understanding of the competitive environment; objective appraisal of resources; and effective implementation of strategic decisions.

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Definitions:

Contract Status

The current legal state or condition of a contract, including whether it is active, pending, or terminated.

Illegal Services

Services that are prohibited by law, such as those that involve criminal activities or violate regulations.

Quota

A fixed share or a target that has to be met, often used in the context of sales, production, or immigration.

Secretary of State

A high-ranking official in the government responsible for foreign affairs or domestic administrative matters, depending on the country.