A Company's Strategy Is a "Work in Progress" and Evolves

question 18

Multiple Choice

A company's strategy is a "work in progress" and evolves over time because of the

• A)ongoing need of company managers to react and respond to changing industry and competitive conditions.
• B)ongoing need to imitate the new strategic moves of the industry leaders.
• C)need to make regular adjustments in the company's strategic vision.
• D)importance of developing a fresh strategic plan every year.
• E)frequent need to modify key elements of the company's business model.

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Definitions:

Acrosomes

Enzyme-cap structures at the tip of sperm cells that help penetrate the egg during fertilization.

Nutrients

Nutrients are substances obtained from food that are vital for growth, metabolism, and for other body functions.

Hormones

Hormones are chemical messengers produced by the endocrine glands that regulate various functions of the body like growth, metabolism, and reproduction.

Asexual Reproduction

The process by which an organism creates a genetically identical copy of itself without the involvement of sexual gametes.