Closing the Loop in the Area of Business Strategy Means

question 62

Multiple Choice

Closing the loop in the area of business strategy means that:

• A)core competencies at the functional level feed back into the business strategy.
• B)the mission statement is used to develop the business strategy.
• C)the business strategy is translated into operations and supply chain actions.
• D)other functional strategies, such as those of the marketing and finance functions are aligned with the operations and supply chain strategy.

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Definitions:

One-way ANOVA

A statistical test used to compare the means of three or more independent groups to see if there’s a statistically significant difference.

Drug Experimentation

The act of trying or testing new pharmaceutical substances to observe their effects, often in controlled clinical trials.

Null Hypothesis

A statement of no effect or no difference, which researchers aim to test against the alternative hypothesis.

One-way ANOVA

A statistical test used to determine if there are any statistically significant differences between the means of three or more independent (unrelated) groups.