Multiple Choice Questions Ch6 - Multiple Choice Questions...

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Multiple Choice Questions Ch664. (p. 165) A ______ represents an "educated guess" about what must be done in the long term for survival or the prosperity of the organization or its principal parts. A. trend analysis B. mission C. strategy D. forecast E. contingency plan A is strategy a large-scale action plan that sets the direction for an organization. It represents an "educated guess" about what must be done in the long term for the survival or the prosperity of the organization or its principal parts
65. (p. 165) "Find out what customers want, then provide it to them as cheaply and quickly as possible" is Wal-Mart's A. growth plan. B. technical plan. C. synergy. D. strategy. E. forecast. A strategy is a large-scale action plan that sets the direction for an organization. An example is "Find out what customers want, then provide it to them as cheaply and quickly as possible", the strategy of Wal-Mart66. (p. 165) Effective strategic management involves A. only top management. B. only top and
67. (p. 165) Which of the following would be considered a reason for adopting strategic management and strategic planning? A. To enhance employee loyalty B. To keep corporate taxes
68. (p. 165) Which of the following statements about strategic planning and strategic management is true? A. Strategic planning is rarely used because it does not allow for flexibility

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