It Is Normal for a Company's Strategy to End Up

question 45

Multiple Choice

It is normal for a company's strategy to end up being

• A) left unchanged from management's original planned set of actions and business approaches since making on-the-spot changes is too risky.
• B) a combination of defensive moves to protect the company's market share and offensive initiatives to set the company's product offering apart from rivals.
• C) like the strategies of other industry members since all companies are confronting much the same market conditions and competitive pressures.
• D) a blend of deliberate planned actions to improve the company's competitiveness and financial performance and as-needed unplanned reactions to unanticipated developments and fresh market conditions.
• E) a mirror image of its business model,so as to avoid impairing company profitability.

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Definitions:

First Five Presidents

Refers to the initial five presidents of the United States: George Washington, John Adams, Thomas Jefferson, James Madison, and James Monroe, who served in office from 1789 to 1825.

Selective Attention

The cognitive process of focusing on a specific aspect of information while ignoring other perceivable information.

Divided Attention

Refers to the ability to process two or more responses or react to two or more different demands simultaneously.

Classmates

Individuals who are in the same class or course in a school or educational setting.