Which of the Following Statements About Strategy Is MOST ACCURATE

question 218

Multiple Choice

Which of the following statements about strategy is MOST ACCURATE?

• A)An organization can be all things to all people because it has access to all the resources it needs to discover and satisfy the needs and wants of its target markets.
• B)The marketing department helps to both set an organization's direction and move it there.
• C)The American Marketing Association (AMA)recently has established the definition of strategy.
• D)Strategy is an organization's short-term course of action designed to deliver a specific customer experience while achieving its internal standards.
• E)Only start-up organizations must develop strategies to help them (1)raise capital and (2)focus and direct their efforts to accomplish their goals.

Understand how psychophysiological tests are conducted and interpreted.

Understand the concept of fixed, variable, and total costs in production.

Calculate average fixed, average variable, and average total costs given specific data.

Identify cost curves and their significance in short-run production costs.