University:
Liberty University
Course:
BUSI 310 | Principles of Management
Academic year:

2023
Views:

217

Pages:

2
Author:

Alivia Oneal

Original ABC Products is interested in understanding if new firms were coming into their market. ABC should use which of the following strategic analysis tools? Porter's 5 Forces _____ is (are) the big-picture goals for the company. Strategic objectives ABC Products is interested in identifying what technological opportunities exists for their business. ABC should use which of the following strategic analysis tools? PESTEL According to the BCG Matrix, business divisions that are in a high market share, high growth quadrant are called ______. Stars According to the BCG Matrix, which of these business units should be scrapped/divested? Dogs and Question Marks While a firm's _______ is a general statement about its values, a firm's ______ is more specific. vision statement; mission statement When a company decide to shrink its operations to reduce costs in order to survive, it is employing a ____ strategy. defensive Which of these takes the why of a vision statement and gives a broad description of how the firm will try to make its vision a reality? Mission statement A _____ strategy is a strategy for a company to maintain its current income, market share, or geographic reach. stability "A" in SMART Framework refers to which of these? Achievable A ____ is a decision to carry out a particular action in order to achieve a specific goal. plan Which of the following describe the high-level planning performed by company executives in order to set the overall direction of the company? Strategic planning Which of the following represents the level of strategy concerned with the large-scale actions involved in entering a brand-new geographic market? International strategy Which of these is an expression of what a business's founders want that business to accomplish? Vision statement Which of the following represent the first step in the planning process? Set goals

Principles of Management - ABC Products Assignment

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