A well defined strategy is Select one: O a. the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn- and adopt O b. a quality of executive management that provides inspirational guidance and motivation to personnel, leading the firm to a better future O c the procurement of selected value-chain activities, including production of intermediate goods or finished products, from independent suppliers d. an unplanned set of actions that managers employ to make the best use of the firm's resources and core competencies to gain competitive advantage e. None of the answer choices present here is correct Act

A well defined strategy is Select one: O a. the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn- and adopt O b. a quality of executive management that provides inspirational guidance and motivation to personnel, leading the firm to a better future O c the procurement of selected value-chain activities, including production of intermediate goods or finished products, from independent suppliers d. an unplanned set of actions that managers employ to make the best use of the firm's resources and core competencies to gain competitive advantage e. None of the answer choices present here is correct Act

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Foreign Market Entry

Foreign market entry allows firms to sell their goods and services in the international market and expand their business in non-domestic markets. There are many foreign market entry strategies. A firm must take into account internal and external determinants while choosing the appropriate foreign market entry strategy. Few internal determinants include the firms’ objectives and global exposure, and the company’s financial and human resources. The external determinants include marketing, shipping, transportation costs, and degree of political, economic, and operational risks. Also, they involve the market size, competition level, and government laws of the targeted foreign market.

Question

A well defined strategy is
Select one:
O a. the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn
and adopt
O b. a quality of executive management that provides inspirational guidance and motivation to personnel,
leading the firm to a better future
O c. the procurement of selected value-chain activities, including production of intermediate goods or
finished products, from independent suppliers
O d. an unplanned set of actions that managers employ to make the best use of the firm's resources and
core competencies to gain competitive advantage
e. None of the answer choices present here is correct
Act

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