ASAP pleasee

Strategic planning sometimes refers to strategy formulation. *

1 point

True

False

Intuition is based on past experiences and certainty. *

1 point

True

False

A firm evaluating the appropriateness of its business and the latest technological tools is considered as a firm adapting to change. *

3 points

True

False

CEO, president, and owner of a firm are also known as strategists. *

1 point

True

False

In order to evaluate internal and external factors, some parameters such as numbers, percentages, ratios, and quantification should be used. *

2 points

True

False

Policies refer to the means through which strategies will be attained. *

1 point

True

False

Improved awareness of external threats, and enhanced comprehension of rivals strategies are examples of financial benefits offered by strategic management. *

3 points

True

False

Vertical integration refers to both forward and backward integration. *

1 point

True

False

Intensive strategies comprise: market penetration, product penetration, and market development. *

1 point

True

False

Businesses are considered unrelated when their value chains have competitively valuable cross-business strategic fits. *

2 points

True

False

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, cost differentiation, and focus. *

2 points

True

False

Strategies that stress cooperation among competitors are being used more. *

1 point

True

False

A merger happens when a big firm purchases a smaller one, whereas an acquisition happens when two firms of an equal size unite to make up one firm. *

2 points

True

False

Insourcing involves companies hiring other companies to take over various parts of their functional operations, such as human resources, information systems, payroll, accounting, customer service, and even marketing. *

2 points

True

False

A French company that decides to move back some of its manufacturing to France is an example of reshoring. *

2 points

True

False

A vision statement should answer the basic question What is our business?, whereas the mission statement answers the question What do we want to become? *

2 points

True

False

Considerable agreement among an organizations strategists over vision and mission statements can cause trouble if not resolved. *

3 points

True

False

A mission statement is broad in scope since it allows the consideration of a range of feasible alternative objectives, and because it should be reconciliatory. *

3 points

True

False

There is no one best mission statement for a particular organization, so when it comes to evaluating mission statements, good judgment is required *

1 point

True

False

Customers is a key component to include in a mission statement, but simply including the word customer or consumer does not qualify that component to be considered written from a customer perspective. *

2 points

True

False