Which of the Following Is the Best Example of a Well-Stated

question 48

Multiple Choice

Which of the following is the best example of a well-stated strategic objective?

• A) Increase revenues by more than the industry average.
• B) Be among the top five companies in the industry in customer service.
• C) Overtake key competitors on product performance or quality within three years.
• D) Improve manufacturing performance by 5 percent within 12 months.
• E) Obtain 150 new customers during the current fiscal year.

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Definitions:

Service Capacity

The maximum amount of service that can be provided by a business or service provider in a given period.

Service Demand

The need or desire for professional services, which can vary based on factors like consumer preferences, trends, and economic conditions.

Product Development Process

The sequence of steps from initial concept to market launch that a company follows to create and introduce a new product.

Prototype

An initial model or release of a product used to test a concept or process, serving as a real-world proof of concept before full-scale production.