For strategic management to be effective in achieving organizational goals,
A. people throughout the organization must work in isolation.
B. leaders alone are responsible for the organizational outcome.
C. people throughout the organization must strive toward overall goals.
D. top managers only take an integrative, strategic perspective.
Answer: C
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The predetermined overhead allocation rate is the rate used to ________.
A) assign direct material costs to jobs B) allocate actual manufacturing overhead costs incurred during a period C) allocate estimated manufacturing overhead costs to jobs D) trace manufacturing and nonmanufacturing costs to jobs
Which of the following is not an advantage of issuing long-term debt?
a. The stockholders do not relinquish any control. b. The interest is tax-deductible. c. The risk of becoming bankrupt is reduced. d. Increased earnings accrue to the stockholders.
Use the following selected information from Whitman Corp. to determine the Year 2 and Year 1 trend percentages for cost of goods sold using Year 1 as the base. Year 2Year 1Net sales$276,200 $231,400 Cost of goods sold 151,900 129,590 Operating expenses 55,240 53,240 Net earnings 27,820 19,820
A. 119.4% for Year 2 and 100.0% for Year 1. B. 36.4% for Year 2 and 41.1% for Year 1. C. 55.0% for Year 2 and 56.0% for Year 1. D. 117.2% for Year 2 and 100.0% for Year 1. E. 65.1% for Year 2 and 64.6% for Year 1.
Describe the 4 Ps of the marketing mix, how they are used by management, and how they relate to each other
What will be an ideal response?