Which of Following Statements Is/are True Concerning Strategy

question 7

Multiple Choice

Which of following statements is/are true concerning strategy?

• A)Once a firm has chosen a strategy,it is unwise to change it,even though the company or business environment might change.
• B)If a firm does decide to compete on more than one strategy,it must carefully execute both strategies to be successful.
• C)Since the business environment is always changing,rather than stick constantly with one strategy,firms should pay close attention during times of change,and adjust their strategies accordingly.
• D)Commodity type products are usually produced by differentiated firms.

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Definitions:

Referral Scenarios

Situations or cases where a professional identifies that a client may benefit from specialized services or support not provided by the current professional, leading to a referral to another professional or service.

Potential Danger

A situation or condition that could possibly cause harm or adverse effects.

Vicarious Trauma

Trauma experienced indirectly, through exposure to details of traumatic events affecting others, often observed in professionals working with trauma victims.

Occupational Stress

Stress experienced as a result of job-related duties and pressures, which can lead to psychological and physical health issues.