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Test Bank for Strategic Management: A Competitive Advantage, 18th edition by Fred R David $29.49   Add to cart
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Test Bank for Strategic Management: A Competitive Advantage, 18th edition by Fred R David
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Test Bank for Strategic Management: A Competitive Advantage 18e 18th edition by Fred R David, Forest R. David, Meredith E. David. ISBN-13: 7667 Full Chapters test bank included PART 1: OVERVIEW OF STRATEGIC MANAGEMENT The Nature of Strategic Management The Cohesion Case: McDonald’s Cor...

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  • February 10, 2023
  • 294
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • Strategic Management
  • Strategic Management

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Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 18e (David)
Chapter 1 The Nature of Strategic Management

1) The goal of strategic management is to
A) achieve competitive advantage
B) maintain the status quo
C) achieve and maintain competitive advantage
D) eliminate competitive advantage
E) minimize competitive advantage
Answer: C
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking

2) Strategic management focuses on integrating functional areas to achieve organizational
success. Which of the following is NOT one of the functional areas that is the focus of strategic
management?
A) marketing
B) finance
C) production
D) management
E) culture
Answer: E
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking

3) The art and science of formulating, implementing and evaluating cross-functional decisions
that enable an organization to achieve its objectives is defined as
A) strategy formulation
B) strategy evaluation
C) strategy implementation
D) strategic management
E) strategic leadership
Answer: D
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking




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