🥹 Flashcards
1
Q
15)Product development is an appropriate strategy when an organization has successfully developed products that are in the maturity stage of their life cycle.
A
T
2
Q
Forward integration is seeking ownership of increasing control of a firm suppliers
A
False, Backwards
3
Q
Basis for Objectives & Strategies EXEPT:
A) Functional Areas of Business
B) Internal strengths/weaknesses
C) External opportunities/threats
D) Clear statement of mission
A
A
4
Q
Consumer power is higher where products are standard or undifferentiated
A
T
5
Q
Since combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously
A
F
6
Q
Divestiture has become a popular strategy for firms to focus on their core business and become more diversified
A
F
