The Heart and Soul of a Company's Strategy-Making Effort

question 55

Multiple Choice

The heart and soul of a company's strategy-making effort:

• A) is figuring out how to become the industry's low-cost provider.
• B) is figuring out how to maximize the profits and shareholder value.
• C) concerns how to improve the efficiency of its business model.
• D) deals with how management plans to maximize profits while simultaneously operating in a socially responsible manner that keeps the company's prices as low as possible.
• E) involves coming up with moves and actions that produce a durable competitive edge over rivals.

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Definitions:

Reliable

Describes something or someone that is consistently good in quality or performance, able to be trusted.

Local Area Network (LAN)

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Geographic Area

A specific physical location on the Earth's surface, defined by natural or artificial boundaries.

HomeGroup Features

A feature in some Windows operating systems that allows for the easy sharing of files and printers within a home network.