Which of the Following Statements Is False

question 26

Multiple Choice

Which of the following statements is false?

• A)A vision helps the organization make choices about what it should and should not do.
• B)A vision statement does not have to be a solo effort on the part of the leader.
• C)A vision is the final destination for an organization.
• D)Often times leaders will work with a team of followers to craft a vision statement.

---

Definitions:

Reserved Capacity

A business strategy where a portion of production capability or service availability is set aside for a particular customer or project.

Revenue Management

Is the practice of strategically controlling inventory and pricing to maximize revenue, commonly used in industries like hotels, airlines, and hospitality.

Available Supply

The quantity of goods or materials in stock that is ready to be sold or distributed.

Maximize Profits

Maximizing profits is the strategic goal of increasing a company's earnings to its highest possible level by optimizing revenue streams and reducing costs.