When the Vision of a Firm, Its Strategy, and the Industry

question 148

Multiple Choice

When the vision of a firm, its strategy, and the industry conditions are not aligned, the lack of coherence almost always causes the firm to ________.

• A) slip behind competitors
• B) go out of business
• C) fire managers
• D) suffer low employee morale

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Definitions:

Multiple Products

Refers to a range of different products offered by a company, aimed at catering to varying customer needs and market segments.

Customers' Needs

The requirements or desires that clients seek to fulfill with products or services.

Manufacturer's Profits

The net income a manufacturing company earns after deducting all of its operating expenses from its revenue.

Cannibalization

The reduction in sales of a product as a result of the introduction of a similar product by the same company.