This quiz consist of 15 multiple choice questions and covers the material in Chapter 1. Be sure you are in Chapter 1 when you take the quiz.;Question 1;4 out of 4 points;The strategic-management process;Question 2;4 out of 4 points;The goal of strategic management is to;Question 3;4 out of 4 points;A strong ________ heritage underlies the study of strategic management.;Question 4;4 out of 4 points;The one factor that has most significantly impacted the nature and core of buying and selling in nearly all industries has been;Question 5;4 out of 4 points;Superior strategy formulation and implementation ________ an opponent's superiority in numbers and resources.;Question 6;4 out of 4 points;What are enduring statements of purpose that distinguish one business from other similar firms?;Question 7;4 out of 4 points;The Internet has transferred power from ________ to ________.;Question 8;4 out of 4 points;The first step in strategic planning is generally;Question 9;4 out of 4 points;Which phase of strategic management is called the action phase?;Question 10;4 out of 4 points;Internal ________ are activities in an organization that are performed especially well.;Question 11;4 out of 4 points;What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?;Question 12;4 out of 4 points;What are guides to decision making?;Question 13;4 out of 4 points;Anything that a firm does especially well compared to rival firms is referred to as;Question 14;4 out of 4 points;How do line managers become "owners" of the strategy?;Question 15;4 out of 4 points;Which individuals are most responsible for the success and failure of an organization?
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