Moving to the next question prevents changes to this answer. Question 7 A strategy looks to the future to see what the business want to be in future is the actions a business takes to achieve objectives is when you identify the current situation of the business is when the manager decides to make a business plan Question 5 A competitive advantage is not a requirement for all businesses. is only for large businesses is a requirement for all businesses is best for luxury good market Question 8 Strategy never changes should change every 2 or 3 months should change when managers are bored and want new objectives should change because of changes in the external environment A Moving to the next question prevents changes to this answer. Question 3 Which of the following strategy statements is written correctly The company wants to increase market share of mens shoes by reducing the price of mens shoes by 5% by 31/12/20 The company wants to increase market share of mens shoes a lot by reducing the price of mens shoes by 5% by 31/12/20. The company wants to increase market share of mens shoes by 4% by reducing the price of mens shoes by 5% by 31/12/20 The company wants to Increase market share by reducing the price of mens shoes by 5% by 31/12/20. 4 Moving to the next question prevents changes to this answer. Question 2 A vision statement looks to the (a). while a mission statement is in the (b). (a) Past (b) Past (a) future & (b)past (a) Future and (b)present All three, the future, the present and the past