A ________ strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribution of resources among those businesses.
A. vertical
B. differentiation
C. functional
D. corporate
E. low-cost
Answer: D
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A company would be more likely to know the amount of inventory on hand if it used the periodic inventory system rather than the perpetual inventory system
Indicate whether the statement is true or false
Wild Side is an adventure firm based in Wyoming. The firm organizes outdoor excursions,
bungee jumping, cliff-diving, and other adventure packages for both individuals and corporates. The firm has been in robust financial health and plans to expand further to cater to the rising demand for newer adventure services, such as skydiving, rock-climbing, etc. At the end of the latest financial year, the company endorsed the following objective: "Increase sales of new adventure packages, such as rafting and skydiving (where new services are defined as those introduced within the past 2 years), from 20% of total revenue to 25%." Why would this objective fail to meet the S.M.A.R.T objective framework? A) It is not achievable and does not leverage existing skill sets of its employees. B) It is not specific enough and does not clearly mentions what it intends to achieve. C) It does not indicate a specific time of completion of the objective. D) It does not specify a practical measure of the degree to which the objective is achieved.
A business is globalized when it
a. sells in another country. b. has a distributor in another country c. can market its product anywhere in the world. d. produces in another country.
Principled negotiation emphasizes developing win/win solutions while protecting yourself against those who would take advantage of your forthrightness. Which of the following is NOT one of the key points of principled negotiation?
A. Be honest and forthright B. Invent options for mutual gain C. Separate the people from the problem D. Focus on interests, not positions E. Use objective criteria when possible