QUESTION 31 In diversification strategies, management has the least knowledge of products and markets and may have limited knowledge of the financial resources needed to be successful True False QUESTION 32 Many small businesses make the mistake of thinking they need to compete based on price. Low-cost provider strategy implications include each of the following EXCEPT creates high barners to entry creates a larger market new products need to be developed much faster requires longer production runs and fewer product changes QUESTION 33 CQI is an acronym for: continuous quality innovation customer quality innovations. continuous quality improvement chain of quality improvements QUESTION 34 Continuous Quality Improvement means evaluating how each activity can be measured and improved as a means of delivering need satinfaction to customen True False QUESTION 35 In conducting a Human Resources audit for the strategic plan, the following are some key questions in determining the effectiveness of strategic human resources EXCEPT Does Human Resources Management play an active role in strategic planning and management? Does the organization have a junior-level assistant position working in the Human Resources Department? Does the Human Resource Department play an active part in employee recruitment, training, and development of employees? Does the Human Resource Department interact with the other functional departments ---marketing, production and operations, finance, and information systems in developing corporate strategy