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Business Strategy Quiz

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Questions and Answers

What is the primary focus of the strategy diamond model?

External environment analysis

Competitive advantage

Resource allocation (correct)

Internal environment analysis

In the context of strategy, what is the main purpose of SWOT and PESTLE environmental scanning?

Identifying customer preferences

Assessing internal strengths and weaknesses

Analyzing competitor behavior

Understanding external macro-environmental factors (correct)

What distinguishes a strategic plan from a marketing plan?

Focus on customer needs

Level of detail in the plan (correct)

Emphasis on financial goals

Time horizon of implementation

Business Strategy Quiz

Choose a study mode

Podcast

Questions and Answers

What is the primary focus of the strategy diamond model?

In the context of strategy, what is the main purpose of SWOT and PESTLE environmental scanning?

What distinguishes a strategic plan from a marketing plan?

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