Which of the Following Is NOT One of the Basic

question 16

Multiple Choice

Which of the following is NOT one of the basic reasons that a company's strategy evolves over time?

• A) The need on the part of company managers to initiate fresh strategic actions that boost employee commitment and create a results-oriented culture.
• B) The proactive efforts of company managers to fine-tune and improve one or more pieces of the strategy.
• C) An ongoing need to abandon those strategy features that are no longer working well.
• D) The need to respond to the actions and competitive moves of rival firms.
• E) The need to keep strategy in step with changing market conditions and changing customer needs and expectations.

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Definitions:

Competitive Retailing

The practice of offering goods in a retail market in a way that is competitive in terms of price, quality, and service.

Customer Service

The support companies offer to their customers before, during, and after purchasing or using their products or services.

Exclusive Distribution

Distribution strategy involving limited market coverage by a single retailer or wholesaler in a specific geographical territory.

Luxury Automobiles

High-end vehicles that offer superior comfort, performance, and amenities, often characterized by their higher price points and status symbol.