Your Results: The correct answer for each question is indicated by a . 1 CORRECT Which of the following statements about a company's strategy is true?Crafting an excellent strategy is more important than executing it well. A)B)Managers at all companies face three central questions in thinking strategically about their company's present circumstances and prospects: What's the company's present situation? Where does the company need to go from here? How should it get there?C)A company's strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole.D)Masterful strategies come partly (maybe mostly) by doing things inmuch the same way as the industry leader but then being better than the leader in one particular area that counts heavily with buyers.E)Whether a company's strategy is ethical or not does not matter a lot because most customers and most suppliers are relatively unconcerned whether a company they do business with engages in sleazy practices or turns a blind eye to below-board behavior onthe part of its employees.2 CORRECT The competitive moves and business approaches a company's management are using grow the business, attract and please customers, compete successfully, conduct operations, and achieve thetargeted levels of organizational performance is referred to as its
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- Spring '13
- Management, moneymaker