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Answer true diff 1 lo 23 how is strategic planning

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Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?108) Internal analysis in SWOT involves analyzing the possible opportunities and threats thatcan come from the market.Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?109) Once a SWOT analysis has been completed, the strategic planner is ready to proceed to thegoal formulation stage of the strategic-planning process model.Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Analytical thinking
110) In applying MBO (management by objectives) all objectives are treated as being equallyimportant.Answer:FALSEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?111) For an MBO (management by objectives) system to work, one of the four criteria that theunit's objectives must meet is that objectives must be stated quantitatively whenever possible.Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Reflective thinking112) Contrary to popular belief, it is not possible to maximize sales and profits simultaneously.Answer:TRUEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Ethical understanding and reasoning113) A firm that is always working to improve its product offerings such that consumer needs areaddressed more efficiently is following a differentiation strategy.Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Reflective thinking114) A firm employing a focus strategy concentrates on achieving superior performance in animportant customer benefit area valued by a large part of the market.Answer:FALSEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Analytical thinking115) Partner relationship management is now considered as a core skill fundamental to thedevelopment and maintenance of strategic alliances.Answer:TRUEDiff: 1LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Interpersonal relations and teamwork116) Firms directing the same strategy to the same target market constitute a strategic group.Answer:TRUEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?AACSB:Analytical thinking
117) A written document that summarizes what the marketer has learned about the marketplaceand indicates how the firm plans to reach its marketing objectives is called a vision statement.Answer:FALSEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?118) The final step in the business unit strategic-planning process is strategy formulation.Answer:FALSEDiff: 2LO:2.3: How is strategic planning carried out at the business unit level?

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