A Company's Realized Strategy Evolves from One Version to the Next

question 83

Multiple Choice

A company's realized strategy evolves from one version to the next due to

• A)changing management direction because of understanding several appealing strategy alternatives.
• B)the proactive efforts of company managers to improve the current strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategic maneuvers on the part of rival firms.
• C)ongoing turnover in the managerial and executive ranks (new managers often decide to shift to a different strategy).
• D)pressures from shareholders to boost profit margins and pay higher dividends.
• E)the importance of keeping the company's business model fresh and up-to-date.

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Definitions:

Trading

The act of buying, selling, or exchanging goods, services, or financial assets in a market.

Inward Shift

A movement towards the origin of a supply or demand curve, indicating a decrease in supply or demand.

Production Possibility Frontier

The production possibility frontier (PPF) is a curve showing the maximum attainable combinations of two products that can be produced with available resources and technology.

Straight Line

The shortest path between two points, used in both geometric figures and in context like depreciation methods in accounting.