Why firm might pursue flexible strategy

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Reference no: EM132161302

1. Which of the following is not true about functional strategies?

1. They should be considered before the business strategy is formulated.

2. To support the implementation of the business strategy.

3. They should be formulated after the business strategy but before the corporate strategy.

4. All of the above are true.

2. Which of the following is a valid reason why a firm might pursue a flexible strategy?

1. Flexibility is necessary to pursue first mover advantages.

2. Organizational resources change.

3. Performance is not acceptable.

4. All of the above are valid reasons.

3. Imitation by competitors is generally not a concern for businesses employing the low-cost strategy.

True

False

4. Which of the following is not an advantage of tall organizations?

1. more effective communication

2. less difficulty in planning

3. increased authority for managers

4. All of the above are advantages.

Reference no: EM132161302

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