Ansoff's Model of Strategy Proposed in His 1965 Book on Corporate

question 4

Multiple Choice

Ansoff's model of strategy proposed in his 1965 book on corporate planning was criticised because it:

• A)is linear
• B)relies on strong market signals
• C)presumes that all strategic information is available to top management
• D)presumes that the future is closely related to the past

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Definitions:

Resource Prices

Resource prices refer to the cost associated with the inputs used in the production of goods and services, including raw materials, labor, and capital.

Expansionary Gap

A situation in macroeconomics where the actual production of goods and services exceeds the economy's potential output, often leading to inflation.

Short-Run Aggregate Supply Curve

A graphical representation that shows the relationship between the total supply of goods and services produced by an economy at various price levels in the short term.

Expansionary Gap

A condition in which the actual output of an economy surpasses the level of output at full employment, commonly resulting in inflation.