10 Questions
Strategy is a set of actions that managers take to increase their company's performance relative to ______.
rivals
If a company's strategy does result in superior performance, that company is said to have a ______ advantage.
competitive
Profitability is the return that a company makes on the capital invested in the ______.
enterprise
A company's profitability is determined by the ______ its managers adopt.
strategies
A company has a sustained ______ advantage when it is able to maintain above average profitability for a number of years.
competitive
General Managers are the ones who bear responsibility for the overall performance of the _________.
company
Functional managers are responsible for supervising a particular _________.
function
Corporate level of management consists of the _________.
corporate levels
Profitability is determined by the _________.
strategies
Sustained competitive advantage is when a company is able to maintain above average _________.
profitability
Test your knowledge on strategic management and profitability with this quiz! Learn about the definition of strategy and how it can lead to a competitive advantage for a company. Explore the concept of profitability and how it is measured through return on investment. Put your knowledge to the test and see how well you understand these important strategic management concepts.
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