Strategic Planning and Competitive Advantage Quiz

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5 Questions

Which of the following is a key objective of strategic management?

To increase market share

What is the main purpose of closing the strategic planning gap?

To increase profitability

Why is pursuing a combination strategy considered risky?

It can dilute the company's focus

What is the main focus of this lesson?

Different business strategies

Why do companies embrace strategic management?

To achieve higher revenue and profit

Test your knowledge on types of strategies and how companies can close the strategic planning gap. Learn how to ensure your products and services stay competitive in the market for long-term profitability.

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