In the Twenty-First Century Strategy Has Become Less About Sustaining

question 41

Multiple Choice

In the twenty-first century strategy has become less about sustaining competitive advantage and more about

• A)business school academics developing new theories, which are taught to new graduates.
• B)earlier methods have simply been seen as old-fashioned.
• C)flexibility and successive temporary advantages.
• D)computerisation and the internet age meaning that we know more about what's really going on nowadays.

Recognizing the importance of maintaining communication with potential employers after interviews.

Understanding the types of post-interview communication and their objectives.

Correctly assessing the implications of not receiving a job offer post-multiple interviews.

Identifying the appropriate content of a follow-up thank you note to a potential employer.

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Definitions:

Price Reduction

A strategy involving the lowering of the selling price of products or services, typically to attract more customers or respond to market competition.

Traceable Fixed Expense

Fixed costs that can be directly associated with a specific cost center or business segment.

Net Operating Income

The total profit of a company after subtracting operating expenses but before deducting taxes and interest.

Price Reduction

A decrease in the regular selling price of a product or service, usually to stimulate sales or clear inventory.