Once Company Managers Have Decided on a Strategy,the Emphasis Turns

question 33

Multiple Choice

Once company managers have decided on a strategy,the emphasis turns to

• A) converting the strategy (and any associated strategic plan) into actions and good results.
• B) empowering employees to revise and reorganize value chain activities to match the strategy.
• C) establishing policies and procedures that instruct company personnel in the ways and means of executing the strategy.
• D) developing a detailed implementation plan that sets forth exactly what every department and every manager needs to do to proficiently execute the company's strategy.
• E) building the core competencies and competitive capabilities needed to execute the strategy.

---

Definitions:

Demand Shift

A change in the quantity of a product or service that consumers are willing and able to buy at all price levels, caused by factors other than the price of the product itself.

Operating Costs

are expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll.

Price of Eggs

The monetary cost required to purchase eggs, which can vary based on factors such as location, type of eggs, and market conditions.

Price Gouging

A situation where sellers increase the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair, often during a crisis.