Which of the Following Questions Ought to Be Used to Test

question 11

Multiple Choice

Which of the following questions ought to be used to test the merits of one strategy over another and distinguish a winning strategy from a mediocre or losing strategy?

• A) Is the company's strategy ethical and socially responsible and does it put enough emphasis on good product quality and good customer service?
• B) Is the company putting too little emphasis on growth and profitability and too much emphasis on behaving in an ethical and socially responsible manner?
• C) Is the strategy resulting in the development of additional competitive capabilities?
• D) Is the strategy helping the company achieve a sustainable competitive advantage and is it resulting in better company performance?
• E) Does the strategy strike a good balance between maximizing shareholder wealth and maximizing customer satisfaction?

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Definitions:

Price Ratio

A comparison of the prices of two goods or services, used to analyze consumer preferences or the cost-effectiveness of different products.

Income

The money received by an individual or business in exchange for labor, services, or investment, often measured on a regular basis like monthly or yearly.

Marginal Utility

Marginal utility refers to the extra satisfaction or benefit a consumer receives by consuming an additional unit of a good or service.

Total Utility

The complete gratification or advantage gained from using a specific quantity of a product or service.