A key difference between and new and existing strategy is that for an existing strategy, the SWOT provides insight into the firm's overall business situation and how that can translate into recommended strategic actions, whereas the SWOT provides a foundation for a new strategy.

Select one:

True

False

A back burner issue is one that is a serious issue that must be resolved right away for the firm to be more financially and competitively successful.

Select one:

True

False

The primary activities in the value chain include all but:

a$.$ Supply chain management

b$.$ Distribution

c$.$ R&D

d$.$ Service