Discuss the three broad levels of strategy that organizations may implement
What will be an ideal response?
Answer: Organizations may set corporate, business, and functional strategies. The purpose of corporate strategy is to determine the firm's overall attitude toward growth and the way it will manage its businesses or product lines. Business strategy, which takes place at the level of the business or product line, focuses on improving the company's competitive position. At the level of functional strategy, managers in specific areas decide how best to achieve corporate goals through productivity. These three levels form a hierarchy in terms of strategic management and planning.
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To enable customers to draw conclusions about a brand's service, service companies face the challenge of making their intangible services seem ________.
A. less perishable B. less inseparable C. more imperceptible D. less reliable E. more tangible
Fenchurch Corp uses the direct write-off method to account for bad debts. What are the effects on the accounting equation of the entry to record the write-off of a customer's account balance?
a. Assets and liabilities decrease. b. Assets and owners' equity decrease. c. Owners' equity decrease and liabilities increase. d. No effect; assets increase and decrease by the same amount.
Organizations will not invest in making a product or providing a service unless it will provide a minimum return
Indicate whether the statement is true or false
If you have questions about copyrights, service marks, trademarks, or patents, you should contact _________________
a. the U.S. Patent Office b. an intellectual property attorney c. the World Intellectual Property Organization d. your company's technical writer