Multiple Choice
The fundamental role of strategy is to
A) determine how the firm will make a profit in its industry environment.
B) determine how the firm will deploy its resources to satisfy its short-term financial goals.
C) determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment.
D) determine how the firm can organize its own activities and achieve dominance.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: A strategy can be described as<br>A)intended, emergent,
Q31: Business strategy can be summarized as<br>A)establishing a
Q32: The underlying purpose of studying strategy is<br>A)to
Q33: Strategy today has been forced to evolve
Q34: Strategy and tactics<br>A)are interchangeable terms.<br>B)relate to achievement
Q36: Maximising shareholder value<br>A)is the sole objective of
Q37: As the environment becomes more turbulent, or
Q38: Corporate strategy is also called business strategy,
Q39: Profit-making firms are about creating value:<br>A)this value
Q40: Business strategy defines<br>A)the way a firm competes