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Question
Which of the following is a reason why it is important for students to study strategy and the strategic management process?
A) Studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them.
B) It can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies.
C) While strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process.
D) All of the above.
Answer
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Related questions
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The ________ consists of broad trends in the context in which a firm operates that can have an impact on a firm's strategic choices.
A) micro-environment
B) general environment
C) task environment
D) internal environment
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________ measures of competitive advantage compare a firm's level of return to its cost of capital instead of to the average level of return in the industry.
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A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.
A) temporary
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The difference between the perceived benefits gained by a customer who purchases a firm's products or services and the full economic costs of these products or services is known as
A) accounting value.
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When a firm is able to create more economic value than rival firms it is said to have a(n)
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________ occurs when a firm adopts organizational policies and practices that are consistent with its strategy.
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Strategic alliances are particularly valuable in facilitating market entry and exit when the value of market entry or exit is
A) high.
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