The Pattern of Actions and Business Approaches That Would NOT

question 94

Multiple Choice

The pattern of actions and business approaches that would NOT define a company's strategy include actions to

• A) strengthen market standing and competitiveness by acquiring or merging with other companies.
• B) strengthen competitiveness via strategic coalitions and partnerships.
• C) upgrade competitively important resources and capabilities.
• D) gain sales and market share with lower prices despite increased costs.
• E) strengthen the firm's bargaining position with suppliers and distributors.

---

Definitions:

Culture

The shared beliefs, values, norms, practices, languages, and symbols of a group of people that are passed from one generation to another.

Customs

Traditional practices and norms that define the social behaviors within a particular community or society.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Hereditary Influences

The biological passing of traits from parents to their offspring through genes.