🥹 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

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2
Q

Forward integration is seeking ownership of increasing control of a firm suppliers

A

False, Backwards

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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

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4
Q

Consumer power is higher where products are standard or undifferentiated

A

T

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5
Q

Since combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously

A

F

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6
Q

Divestiture has become a popular strategy for firms to focus on their core business and become more diversified

A

F

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