BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a key external factors that should be taken into account by a corporate strategy?
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economic conditions
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political conditions
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legal environments
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competition
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Explanation:
Detailed explanation-1: -Competition is a key external factors that should be taken into account by a corporate strategy. Strategic competition is a commitment within an organization to make a very large change in competitive relationships.
Detailed explanation-2: -Manufacturing is NOT an external factor since manufacturing is referred as an internal factor as it belongs within the complete control of the organization.
Detailed explanation-3: -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.
There is 1 question to complete.