BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Short range
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medium range
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long range
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minimal
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Detailed explanation-1: -The impact that strategies have on the direction and character of a company is always long-range because it has a plan that outlines investment steps that gives it a long-term vision of how to maintain the direction and character of the company.
Detailed explanation-2: -Explanation: The impact of strategy on the general direction and basic character of a company is widespread. Explanation: Value is the perceived profitability of the product/service by the customer.
Detailed explanation-3: -Solution(By Examveda Team) The impact of strategies on the general direction and basic character of a company is long range.
Detailed explanation-4: -The definition of strategic objectives allows to stay focused on the essentials and to avoid getting lost in less important tasks. Improve communication and coordination. All employees will be mobilized to achieve common objectives and will have more interest in exchanging among themselves. Improve resource management.
Detailed explanation-5: -Corporate level strategies are aimed at the long-term rather than the short-term.