The top-level managers of a soft drink bottling company initiate the strategic planning process. They complete their first task of the process, which is to define the mission of the organization. In the context of the strategic planning process, their next task would be to:
A. articulate the essential reason for the organization's existence.
B. create a pro forma report to set the goals for the organization.
C. create strategies for competitive differentiation.
D. evaluate the organization's competitive position.
Answer: D
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On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
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Very small businesses always use specialization, whereby employees do the work they are best suited for.
Answer the following statement true (T) or false (F)