Multiple Choice
An effective strategic plan does which of the following?
A) Identifies a complete set of success factors-financial,operating,and marketing,that yield a competitive advantage for the company
B) Focuses on one generic strategy to the exclusion of all other strategies
C) Always seeks a high profile in the specific markets chosen
D) Is always cost based
Correct Answer:
Verified
Correct Answer:
Verified
Q8: A strategy is a road map of
Q9: The focal point of the entire strategic
Q10: When translating strategic plans into action plans,the
Q11: One of the strategic management processes is
Q12: Goals indicate how the small firm's resources
Q14: To be of any real value to
Q15: Focus strategies,unlike Porter's other generic strategies,are without
Q16: The best conversion of strategic plans to
Q17: One of the biggest pitfalls many entrepreneurs
Q18: A mission statement should answer which of