Strategic Planning and Competitive Advantage Quiz
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Questions and Answers

Which of the following is a reason why companies may experience a strategic planning gap?

  • Lack of desire to stay longer in the market
  • Embracing strategic management
  • Pursuing a combination of strategies
  • Products/services not performing as expected (correct)

What is the objective of this lesson?

  • To review different business strategies
  • To analyze the applicability of each strategy (correct)
  • To discuss true to life examples of strategies
  • To pursue a combination of two or more strategies

Which of the following is true about combination strategies?

  • They are pursued by all organizations
  • They are exceptionally risky if carried too far (correct)
  • They can close the strategic planning gap
  • They are always beneficial for the firm

What do companies desire in terms of their products and services?

<p>To offer products and services that will stay longer in the market (D)</p> Signup and view all the answers

What is the main focus of this lesson?

<p>To review different business strategies (A)</p> Signup and view all the answers

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