A Company's Strategy Consists of the Action Plan Management Is

question 58

Multiple Choice

A company's strategy consists of the action plan management is taking to:

• A) stake out a unique market position and achieve superior profitability.
• B) compete against rivals and establish a transitory competitive advantage.
• C) concentrate on improving the existing product offering irrespective of the changing and turbulent markets.
• D) develop a more appealing business model than rivals.
• E) identify its strategic vision,its strategic objectives,and its strategic intent.

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Definitions:

Fight Or Flight

A physiological response to perceived harmful events, attacks, or threats to survival, preparing the body to either confront or flee from the situation.

Acculturative Stress

The psychological impact of adaptation to a new culture.

Significant Life Change

A major adjustment or alteration in an individual's life that requires adaptation, such as moving to a new city, changing careers, or getting married.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, identified by Hans Selye, involving stages of alarm, resistance, and exhaustion.