Strategic Management Formulation Implementation and Control CHAPTER 07 Long Term Objectives and Stra

Strategic Management Formulation Implementation and Control CHAPTER 07 Long Term Objectives and Stra

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CHAPTER 07 Long Term Objectives and Strategies 1 CORRECT The Stormio Damage Repairio Corporation of Topeka is in the process of establishing its long-term objectives. These objectives will be used to guide the corporation toward achieving prosperity in its future years. All but which of the following areas would these long-term objectives need to address? A)The ability of the firm to invest in capital equipment this year. B)The corporation's view of its responsibility to the public. C)The ability of the firm to attain acceptable levels of profits. D)The corporation's plans for methods of increasing development of its employees. Feedback: The correct answer is A. Please see the discussion under Long-Term Objectives, page 179. 2 INCORRECT There are several qualities the long-term objectives developed by Stormio should posses that will improve their chances of being attained. All of the following except _________ would be considered one of these necessary qualities. A)Understandable B)Flexible C)Measurable over time D)Encompass a one-year time span
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CHAPTER 07 Long Term Objectives and Strategies Feedback: The correct answer is D. Please see the discussion under Qualities of Long-Term Objectives,
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This note was uploaded on 07/11/2011 for the course MRKT 5120 taught by Professor Durrani during the Spring '11 term at Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology.

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Strategic Management Formulation Implementation and Control CHAPTER 07 Long Term Objectives and Stra

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