It Is Normal for a Company's Strategy to End Up

question 23

Multiple Choice

It is normal for a company's strategy to end up being

• A)left unchanged from management's original planned set of actions and business approaches since making on-the-spot changes is too risky.
• B)a combination of defensive moves to protect the company's market share and offensive initiatives to set the company's product offering apart from its rivals.
• C)like the strategies of other industry members since all companies are confronting much the same market conditions and competitive pressures.
• D)a blend of deliberate planned actions to improve the company's competitiveness and financial performance and as-needed unplanned reactions to unanticipated developments and fresh market conditions.
• E)a mirror image of its business model,so as to avoid impairing company profitability.

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Definitions:

Opportunity Cost

Opportunity Cost refers to the potential benefits or income lost when choosing one alternative over another.

Direct Expenses

Costs that can be directly attributed to a specific product, service, or project, such as raw material costs.

Market Trends

The general direction in which a market or the prices of a particular set of goods and services is moving.

Corporate Centre

The central unit within a corporation that oversees and supports the activities of its various divisions and operations.