Question 31 (4 points)

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If an environment/industry/market is characterized as highly munificent,

Question 31 options:

	resources and capabilities to recombine and rework resources are abundant and available to many industry constituents.
	resources and capabilities to recombine and rework resources are possessed by only a few industry constituents.
	resources and capabilities to recombine and rework resources are scarce.
	competition within the industry will tend to focus on retrenchment strategy. enactment because of the mundane resources only available to the monopoly.
	suppliers in the industry will likely be filing for bankruptcy within a couple months.

Question 32 (4 points)

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Enactment is the process of: (choose the best answer here)

Question 32 options:

	Retreating from the environment
	Evaluating the environment
	Responding to the environment
	Influencing the environment

Question 33 (4 points)

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Corporate-level decisions are typically made by:

Question 33 options:

	the CEO and her top management team (TMT)
	stockholders
	assembly line workers
	departmental managers

Question 34 (4 points)

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Adaptation is the process of organizations: (choose the best answer here)

Question 34 options:

	responding to the environment
	retreating from the environment
	evaluating the environment
	ignoring the environment

Question 35 (4 points)

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Which levels within an organization are most important when it comes to decision-making concerning strategy related to an organization's success?

Question 35 options:

	Corporate-level and business-level
	Functional-level only
	Functional-level and customer-level
	Functional-level and business-level
	Corporate-level and customer-level