The Strategy Formulation,strategy Execution Process

question 66

Multiple Choice

The strategy formulation,strategy execution process

• A)is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives.
• B)includes establishing a company's mission,developing a business model aimed at making the company an industry leader,and crafting a strategy to implement and execute the business model.
• C)embraces the tasks of developing a strategic vision,setting objectives,crafting a strategy,implementing and executing the strategy,and then monitoring developments and initiating corrective adjustments in light of experience,changing conditions,and new opportunities.
• D)is principally concerned with sizing up an organization's internal and external situation,so as to be prepared for the challenge of developing a sound business model.
• E)is primarily the responsibility of top executives and the board of directors;very few managers below this level are involved.

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Definitions:

Price Increase

A situation where the cost of goods or services rises over a period of time.

Optimal Consumption

A point at which an individual achieves the highest possible satisfaction from their consumption choices given their income and the prices of goods and services.

Price Increase

A rise in the cost of goods or services over a period of time, often affecting the purchasing power.

Cheese

A dairy product derived from milk that is produced in a wide range of flavors, textures, and forms by coagulating the milk protein casein.