Corporate strategy is focused solely on determining the geographic locations in which the firm should compete.
Answer the following statement true (T) or false (F)
False
Although corporate strategy provides answers to the key question of where to compete, strategic leaders must answer three related questions: In what stages of the industry value chain should the company participate? What range of products and services should the company offer? Where should the company compete geographically in terms of regional, national, or international markets?
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A corporation purchased 10,000 shares ($2 par value) of its own stock for $15 a share. The entry to record this purchase would include a
a. debit to Common Stock, $150,000; b. credit to Common Treasury Stock, $150,000; c. credit to Paid-In Capital, $130,000; d. all of these; e. none of these.
Why is it a good strategy to segment a potential market?
What will be an ideal response?
To the customer, you are the company; customers expect you to make the company work for them
Indicate whether the statement is true or false
Steps involved for the nominal group technique for risk management include each of the following except
A) using JAD sessions to capture user requirements. B) gathering the core team for a risk workshop. C) using a flip chart or whiteboard to collect information from the team. D) begin by asking each person to identify potential areas of risk.