quiz 4(b) - Strategic Management Quiz 4 (b) 0.25 negative...

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Strategic Management Quiz 4 (b) 0.25 negative mark for each wrong answer True/False 1. A core competency is a skill that a corporation can do exceedingly well. 2. Insourcing is purchasing from someone else a product or service that has been previously provided internally. 3. Outsourcing might lead to companies being locked into long-term contracts with outside suppliers that are no longer competitive. 4. A product strategy deals with pricing, selling, and distributing a product. 5. A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action. 6. An operations strategy determines how and where a product or service is to be manufactured, and the level of vertical integration in the product process. 7. The continuous improvement system was developed in China. 8. The importance of sole sourcing was supported by Michael Porter. 9.
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This note was uploaded on 07/21/2011 for the course BUS 10001 taught by Professor All during the Spring '11 term at Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology.

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quiz 4(b) - Strategic Management Quiz 4 (b) 0.25 negative...

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