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Questions and Answers
What is the main focus of a firm striving to achieve sustained competitive advantage?
What is the main focus of a firm striving to achieve sustained competitive advantage?
- Outperforming rival firms (correct)
- Improving internal weaknesses
- Expanding its product line
- Increasing short-term profits
Which group of individuals is most responsible for the success or failure of an organization?
Which group of individuals is most responsible for the success or failure of an organization?
- Strategists (correct)
- Customers
- Suppliers
- Competitors
What do vision statements primarily address?
What do vision statements primarily address?
- The organization's day-to-day operations
- Answering what the organization wants to become (correct)
- Addressing competitor weaknesses
- How to maximize short-term profits
Which of the following is an example of an internal strength for an organization?
Which of the following is an example of an internal strength for an organization?
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What type of trend could significantly benefit or harm an organization based on the text?
What type of trend could significantly benefit or harm an organization based on the text?
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Which factor contributes to external opportunities and threats according to the text?
Which factor contributes to external opportunities and threats according to the text?
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