Explain the meaning of consonance as it applies to the evaluation of a corporate strategy.
What will be an ideal response?
Consonance refers to the fit between the corporate-level strategy and the external environment. Does the proposed diversification strategy take into account what is going on in the environment, what trends are emerging, and what the various stakeholders would support? For example, does vertical integration capitalize on a unique opportunity to create value that will be worth more than the cost of taking on the activity in-house? Does the acquisition address threats that are arising from the environment?
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The number of days' sales in inventory is one means of expressing the relationship between the cost of goods sold and inventory
Indicate whether the statement is true or false
What three suggestions can you provide to regarding the administration of a merit pay plan?
What will be an ideal response?
An illegal act is an unethical act
Indicate whether the statement is true or false
Critics of the current minimum-wage system argue that:
a. the law results in high unemployment among low-skill workers which prevents them from getting a chance to develop skills for jobs with higher wages b. the law promotes racial harmony c. the law protects only companies with large workforces d. the law allows workers to buy necessities e. the law promotes economic growth