It Is Normal for a Company's Strategy to End Up

question 12

Multiple Choice

It is normal for a company's strategy to end up being

• A)a blend of offensive actions on the part of managers to improve the company's profitability and defensive moves to counteract changing market conditions.
• B)a combination of conservative moves to protect the company's market share and somewhat more risky initiatives to set the company's product offering apart from rivals.
• C)a close imitation of the strategy employed by the recognized industry leader.
• D)a blend of proactive actions to improve the company's competitiveness and financial performance, and adaptive reactions to unanticipated developments and fresh market conditions.
• E)more a product of clever entrepreneurship than of efforts to clearly set a company's product/service offering apart from the offerings of rivals.

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Definitions:

Test Validity

The degree to which a test accurately measures what it is intended to measure and can predict outcomes or performance.

Norming Group

A reference group used in psychological testing or research to establish norms or average scores against which individual scores can be compared.

Genogram

A graphical representation of a person's family relationships and medical history, used to identify patterns and psychological factors that may affect behavior.

Visual Representation

The use of images, diagrams, or other visual elements to convey information, ideas, or concepts effectively.