BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes
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No
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Detailed explanation-1: -Soft Mattresses Inc. wants to become the largest and most profitable mattress supplier in a three-state area. To do this, Soft should try to create the smallest possible difference between the value that its mattresses creates and the expense that the company must spend to produce the mattresses.
Detailed explanation-2: -How is a firm’s task environment different from its general environment? Managers have some influence over external factors in the task environment; they have little direct effect over external forces in the general environment.
Detailed explanation-3: -It typically includes organizational culture, employees, management, stockholders and several other factors. Therefore, the stockholder is not included in the task environment of the business.
Detailed explanation-4: -In 2002, the first phones with built-in cameras became publicly available, including the Nokia 7650 and the Sanyo SPC-5300. The Nokia phone boasted “a large 176x208 pixel colour display, ” according to a media release at the time.