Corporate Strategy

question 36

Multiple Choice

Corporate strategy

• A)is primarily concerned with strengthening a company's market position and building competitive advantage.
• B)is subject to being changed much less frequently than either a company's objectives or its mission statement.
• C)should be based on a flexible strategic vision and mission.
• D)ensures consistency in strategic approach among businesses of a diversified,multibusiness corporation.
• E)determines balanced scorecard financial and strategic objectives.

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Definitions:

Price Discrimination

Charging different prices to different consumers for the same good.

Price Fixing

An illegal agreement among competitors to set, raise, or lower prices to predetermined levels, thereby undermining free market competition.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Price Ceiling

A government-imposed limit on how high the price of a product can be, intended to protect consumers from high prices.