The Visionary Strategy of the Chief Executive Officer of Volkswagen

question 63

Multiple Choice

The visionary strategy of the Chief Executive Officer of Volkswagen which included switching the German plants entirely to the new model,failed due to all but one of the following reasons:

• A) resistance on the part of German unions.
• B) confusion among American dealers about where it was made.
• C) investment of billions of dollars in Skoda autoworks in Czechoslovakia.
• D) investment in SEAT in Spain.
• E) continued demand for Beetle model in the United States.

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Definitions:

Benchmarking Partner

An entity against which a company measures its processes, practices, or performance for improvement.

Same Type Of Business

Companies or enterprises that operate in the same industry or sector, often offering similar products or services.

Balanced Scorecard

A strategic planning and management system that uses a broad range of financial and non-financial metrics to assess an organization's performance.

Bottom-Line Profit

The net income reported at the bottom line of the income statement, indicating the profit remaining after all expenses have been deducted from total revenues.