Additional Case 1.3 Your Company Sells High-Tech Products Throughout the World and Is

question 87

Multiple Choice

Additional Case 1.3
Your company sells high-tech products throughout the world and is following a differentiation business strategy. The business environment for the company is volatile, rapidly changing, and highly complex. The company is highly entrepreneurial and has a strong moral commitment to quality products, employee job satisfaction, and corporate social responsibility. The management team has decided to create a common company culture among the various national and international subsidiaries.
-Refer to Additional Case 1.4.The corporate strategy that Crowe would most likely espouse is a(n) :

• A) evolutionary business strategy.
• B) decentralizing strategy.
• C) cost-cutting strategy.
• D) steady state strategy.

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Definitions:

Collection Float

The time period between when a check is deposited into a bank account and when the amount is made available.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a specified person.

Deposits

Funds placed into an account at a banking institution for safekeeping, which can include money market accounts, savings accounts, and certificates of deposit.

Outstanding

Refers to shares that are currently held by investors, including both public shareholders and restricted company shares.