The Strategy Which Involves Choosing Among Alternative Strategies with the Goal

question 23

Multiple Choice

The strategy which involves choosing among alternative strategies with the goal of selecting a strategy or strategies that provides a company with reasonable assurance of long-term growth and survival is called:

• A)Competitive advantage
• B)Strategic cost management
• C)Strategic decision making
• D)Customer value

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Definitions:

Counteroffer

A response to an original offer, modifying its terms, which effectively rejects the original offer and puts forward a new one for consideration.

Illusory Promise

A statement that appears to form a legally binding contract but, upon closer examination, lacks the firm commitment necessary to be enforceable.

Brakes

Mechanical devices used to inhibit motion by absorbing energy from a moving system, typically vital for the safe operation of vehicles.

Tires

Manufactured rubber products designed to cover wheels of vehicles to provide traction and absorb shock.