Chapter 1 Quiz-7

Consistent business success rarely happens by chance. How does it happen?

A.
By motivating managers and employees effectively
B.
By effectively combining intuition with analytical thinking
C.
It most often results from careful planning followed by diligent, intelligent, hard work
D.
By using analytical strategic management matrices in developing a strategic plan
E.
By forming effective alliances and coalitions

C.
It most often results from careful planning followed by diligent, intelligent, hard work

To survive and prosper, a business must gain and sustain ___________ major competitive
advantages over rival firms.
A.
at least fifteen
B.
as many as one hundred
C.
two
D.
one
E.
At least several

E.
At least several