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Question 1 1. Which of the following is the best explanation of a business strategy?
Question 2 2. What type of strategy involves serving the unique or specialized needs of a segment of a market?
Question 3 3. What's the best explanation of the difference between a goal and an objective?
Question 4 4. System theory is a component of what organizational theory?
Question 5 5. Which of the following is the name of a document that outlines an organization's core organizational values and its vision of what it wants to be and where it wants to go in the future?
Question 6 6. A cost strategy functions by:
Question 7 7. What are the two steps in the strategy formulation process that you must always be taking at every stage of the process?
Question 8 8. Which one of the following is not one of the four elements of strategy design?
Question 9 9. Define how to develop a strategy.
Question 10 10. What's the relationship between objectives and strategic goals?
Question 11 11. What is a SWOT analysis?
Question 12 12. In the strategic management process, which step comes after environmental scanning?
Question 13 13. What are the main components of the strategic management process?
Question 14 14. Which is not a system?
Question 15 15. What does SWOT stand for?
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