Identify the Incorrect Statement Pertaining to Multiproduct Firms

question 93

Multiple Choice

Identify the incorrect statement pertaining to multiproduct firms.

• A) They have a more difficult strategic planning job than firms with only a few products or product lines.
• B) They have to develop strategic plans for very different businesses.
• C) They have to balance plans and resources so the whole company reaches its objectives.
• D) They have to get needed resources without milking some businesses and eliminating others.
• E) They may form strategic business units, or use portfolio management.

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Definitions:

Pro-con

Weighing the positive (pro) and negative (con) aspects of a decision, argument, or proposition.

Problem-cause-solution Pattern

The problem-cause-solution pattern is a way of organizing information that identifies an issue, analyzes its causes, and proposes one or more solutions.

Comparative Advantages Pattern

A method of organizing information by comparing the strengths and weaknesses of different options.

Mnemonic Device

A tool used to improve memory by linking new information to a familiar concept or pattern.