Strategy

question 50

Multiple Choice

Strategy:

• A) Is the development of plans and decisions which will guide the direction of the firm and determine its long-term performance
• B) Focuses on the vision of the firm and the opportunity which it believes exists in the marketplace
• C) checks that the life expectancy of the product or service is long enough to ensure that the initial investment can be recovered and that the firm can make a profit.
• D) a) and c)
• E) a), b) and c)

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Definitions:

Active Voice

A sentence construction where the subject performs the action stated by the verb, resulting in a direct and clear expression.

We-viewpoint

A perspective that emphasizes collective effort and unity, often used to foster team spirit or organizational identity.

Routine Inquiry

Routine inquiry refers to standard requests for information or clarification that are common in business and professional contexts.

Bullets

Short, concise points used to list items or highlight key aspects in a document.