Economic logic is at the heart of the five critical elements of strategic planning identified in the Business Strategy Diamond

Indicate whether the statement is true or false

TRUE

Business

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Which of the following is not one of the more common strategic benefits provided by capital investment projects?

a. Providing significant cost reductions, in terms of production and/or marketing costs. b. Being able to deliver a product that competitors cannot (i.e., product differentiation). c. Reducing the number of short-term (i.e., operational) decisions that management must make. d. Reducing manufacturing cycle time. e. Improving product quality.

Business

A company that uses a pull strategy is more likely to use personal selling than a company that markets a similar product using a push strategy

Indicate whether the statement is true or false

Business