Which of the Following Statements Is a Strategy Decision, Rather

question 156

Multiple Choice

Which of the following statements is a strategy decision, rather than an operational decision?

• A) "We will change the colors of our selection of shirts at the end of the season."
• B) "We will cut prices as needed to in order to protect our market share."
• C) "We will increase the number of training sessions for new sales associates from two to three."
• D) "We will hire a merchandising specialist this month to help remodel our older stores."
• E) "We will place a special ad in the Sunday newspaper promoting our upcoming sale."

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than other producers.

International Trade

The exchange of goods, services, and capital between countries and territories, allowing for greater variety of consumption and efficiencies in production.

Productive

Refers to the ability of an individual, company, or economy to produce goods or services efficiently and effectively.