Which of the Following Is NOT Among the Principal Managerial

question 77

Multiple Choice

Which of the following is NOT among the principal managerial components of the strategy execution process?

• A) building an organization with the competencies, capabilities, and resource strengths needed to execute strategy successfully
• B) instituting policies and procedures that facilitate rather than impede strategy execution
• C) deciding which core competencies and value chain activities to leave as is and which ones to overhaul and improve
• D) adopting best practices and pushing for continuous improvement in how value chain activities are performed
• E) tying rewards directly to the achievement of strategic and financial targets and to good strategy execution

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Definitions:

Elastic

Describes a situation where the quantity demanded or supplied of a good or service is highly responsive to changes in its price.

Inelastic

Characterizes a situation where the demand for a product is not significantly affected by changes in price.

Elastic

Describes a situation in economics where the demand for a product or service significantly changes in response to a change in price.

Inelastic

A characteristic of goods or services for which demand does not significantly change with a change in price.