Which of following statements is/are true concerning strategy?

Multiple Choice

• Once a firm has chosen a strategy, it is unwise to change it, even though the company or business environment might change.
• If a company does decide to compete on more than one strategy, it must carefully execute both strategies to be successful.
• Since the business environment is always changing, rather than stick constantly with one strategy, firms should pay close attention during times of change, and adjust their strategies accordingly.
• A company following both cost leadership and differentiation strategies is likely to succeed only if it achieves one of the strategies very well.