Changing Circumstances and Ongoing Managerial Efforts to Improve the Strategy

question 40

Multiple Choice

Changing circumstances and ongoing managerial efforts to improve the strategy

• A) account for why a company's strategy evolves over time.
• B) explain why a company's strategic vision undergoes almost constant change.
• C) make it very difficult for a company to have concrete strategic objectives.
• D) make it very hard to know what a company's strategy really is.
• E) All of these choices are correct.

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Definitions:

Demand

In economics, demand is the quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Great Recession

A severe global economic downturn that began in 2007 and lasted until about 2009, marked by significant declines in the housing market, financial failures, and a surge in unemployment rates.

Fiscal Policy

A government's strategy for managing its budget through taxation and spending to influence the economy.

Tax Cuts

Reductions in the amount of taxes imposed by the government.