Strategy and Tactics

question 34

Multiple Choice

Strategy and tactics

• A)are interchangeable terms.
• B)relate to achievement of overall long-term objectives, and multiple short-term objectives, respectively.
• C)can be seen as what top managers do and what lower level employees do, respectively.
• D)none of the above.

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Definitions:

Poor Business Concept

Refers to a business idea that lacks viability, market potential, or uniqueness, often leading to failure.

High Costs

Refers to situations where expenses exceed the anticipated or acceptable levels, often impacting profitability.

Contract Manufactures

Companies engaged in producing goods or components for other companies under a contract, rather than producing their own brand products.