Managers Must Be Prepared to Modify Their Strategy in Response

question 2

Multiple Choice

Managers must be prepared to modify their strategy in response to all of the following EXCEPT

• A) changing circumstances that affect performance and the desire to improve the current strategy.
• B) competitor moves in the market and shifting needs of buyers.
• C) stagnating market and restrictive industrial opportunities.
• D) mounting evidence that the strategy is less effective.
• E) public pronouncements from rivals about monthly profit margins.

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Definitions:

Rationed

The controlled distribution of scarce resources, goods, or services.

Market Setting

Refers to the competitive environment in which businesses operate, influenced by supply and demand dynamics.

Human Resources

The abilities, skills, and health of human beings that contribute to the production of both current and future output. Investment in training and education can increase the supply of human resources.