C3 for C4 beggining

Where can vision and mission statements typically be found?

• In the company's employee handbook

• In the firm's annual report

• On the company's website

• In the product packaging

What is the primary purpose of a vision statement?

• To provide a detailed financial report

• To outline the company's current operations

• To list the company's products

• To describe the ideal future of the organization

Which of the following is NOT a component of a mission statement?

• Customers

• Technology

• Concern for employees

• Future goals

What is an objective in strategic management?

• A broad vision for the future

• A desired result of a planned activity

• A statement of company values

• A financial target for the company

What are tangible resources?

• Patents and trademarks

• Skills and knowledge of employees

• Company culture and reputation

• Production equipment and financial capital

What is the purpose of value chain analysis?

• To understand operations that create value

• To evaluate employee performance

• To develop financial forecasts

• To assess market competition

Which of the following is a characteristic of a good objective?

• Unrealistic and time-consuming

• Vague and broad

• Specific and measurable

• Ambiguous and flexible

What is a strategist's role in an organization?

• To gather and analyze information

• To oversee financial transactions

• To handle customer service

• To manage daily operations

Which level of strategy focuses on the overall movement of the organization?

• Corporate level

• Business level

• Functional level

• Operational level

What does sustained competitive advantage refer to?

• Offering the most products

• Temporary market dominance

• Maintaining higher profits over time

• Achieving lower production costs