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Questions and Answers
Backward Integration is a type of diversification strategy.
False
Porter's Five Generic Strategies includes Type 1 and 2 Cost Leadership Conditions.
True
Focus Strategy targets small and unprofitable niche markets.
False
Cooperation among competitors is a means of achieving strategies through competition.
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Quantitative objectives represent results expected from pursuing strategies.
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Strategic management principles are only applied in business organizations.
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Managing by Extrapolation aims to fix problems immediately.
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The Balanced Scorecard was developed by Robert Kaplan and David Norton for strategy implementation.
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Small companies typically have strategic planning at corporate, business, and functional levels.
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Financial objectives focus on higher product quality.
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