Which of the following most accurately describes the function of the SFAS Matrix

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1.Strategy formulation, often referred to as strategic planning or long-range planning, begins with a___________ analysis.0A.strategicUB.value-chain()C.financialc"D.situationCE.marketing opportunity

2.Which of the following most accurately describes the function of the SFAS matrix?

3.Once a company has crafted the elements that constitute their competitive advantages, the implementation of that strategy

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Chapter 6Strategy formulation, often referred to as strategic planning or long-range planning, begins with a________________________ analysis.

Which of the following most accurately describes the function of the SFAS matrix?

D.The SFAS Matrix is an extremely favorable niche that is well suited to the firm's internal and externalenvironment that other corporations are not likely to challenge or dislodge it.

Once a company has crafted the elements that constitute their competitive advantages, theimplementation of that strategy begins with a __________________ grounded in those advantages thatevery individual in the company can use to make decisions.

A well-crafted mission statement has several common elements. Which of the following is NOT one of thecommon elements of a well-crafted mission statement?

Which of the following statements best describes the core difference between competitive andcooperative business strategies?

Business strategy focuses on improving the ________________ of a company's or business unit'sproducts or services within the specific industry or market segment that the company or business unitserves.

Companies or business units may form a strategic alliance for a number of reasons. Which of thefollowing is NOT one of the primary reasons companies or business units form a strategic alliance?

Of the following forms of strategic alliances, which is the most popular form?A.Joint ventures.B.Mutual service consortia.C.Licensing arrangements.D.Value-chain partnerships.E.Acquisitions.

A(n) ________ is concerned with developing a corporation's mission, objective, strategies, and policies;whereas a(n) ________ summarizes an organization's strategic factors by combining the external factorsfrom the EFAS Table with the internal factors from the IFAS Table.

Which of the following statements best describes the core difference between competitive and cooperative business strategies?

Which of the following statements best describes the core difference between competitive and cooperative business​ strategies? In a competitive​ strategy, each entity works in its own​ interest; cooperative strategies can also be competitive and involve two or more entities working together to compete against others.

Which of the following most accurately defines value chain analysis?

Definition. Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation.

What is the overall purpose of strategic Management?

Strategic management provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans. Ultimately, strategic management is for organisations to gain a competitive edge over their competitors.

Which of the following is the term a strategic manager refers to as the breadth of the company's or business unit's target market?

Competitive scope defines the breadth of a company's target market. A company can have a broad (mass market) competitive scope or a narrow (niche market) competitive scope. A firm following the focus strategy concentrates on meeting the specialized needs of its customers.