Which of the following is an example of an objective?

Select one:

a$.500$ new customers

b$.$ An additional $5$ salesmen and women

c$.$ Increase customer base by $25\%$ a year

d$.$ They all are objectives

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According to a video we watched, Apple Inc pursues a while the Acer PC company pursues a

Select one:

a$.$ Cost focus $/$ differentiation focus

b$.$ Differentiation focus $/$ cost focus

c$.$ Niche market $/$ broad market

d$.$ Broad market $/$ niche market

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When analyzing your competition in your strategic plan, a good method of monitoring them $($the competition$)$ is:

Select one:

a$.$ By creating a matrix that highlights the factors of each company you wish to track $($such as their success factors$)$

b$.$ By following their blogs and posting Facebook messages asking questions

c$.$ By using project management software to track their activities in the marketplace

d$.$ All of the above.

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Sometimes the best way to 'monitor' areas of your strategic plan is through the use of status reports and regular meetings.

Select one:

a$.$ True

b$.$ False Which of the following is an example of a goal?

Select one:

a$.500$ new customers

b$.$ Add $5$ salesmen by December

c$.$ Increase customer base by $25\%$ a year

d$.$ None of the above

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tell$($s$)$ you how you are going to get from your current position to your goals.

Select one:

a$.$ Project management software

b$.$ Predictive analytics

c$.$ Strategies

d$.$ Organizational values

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Which of the following is a false statement?

Select one:

a$.$ Your competitive advantage is that which sets you apart from competitors

b$.$ The strategic plan is a fluid document, reacting to internal and external factors, and can $/$ should be modified at any time

c$.$ When creating the strategic plan you need to develop a vision statement from your mission statement

d$.$ There should be a continuous feedback loop in the strategic management process.

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The purpose of a strategic plan is to:

Select one:

a$.$ Provide you with direction

b$.$ Provide you with goals

c$.$ Provide you with something that you can measure your progress against

d$.$ All of the above Which of the following is not a step in the strategic management process?

Select one:

a$.$ Assess your strengths and weaknesses

b$.$ Scan the environment for opportunities and threats

c$.$ Identify key success factors

d$.$ Create a marketing plan

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A "competitive advantage" is$/$are the thing$($s$)$ that set you apart from your competitors.

Select one:

a$.$ True

b$.$ False

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