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GEB4891 MIDTERM REVIEW CH. 1-6 (Chapter 1) Questions And Answers
- Exam (elaborations) • 15 pages • 2024
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1) Strategic management focuses on integrating management, marketing, 
finance/accounting, production/operations, research and development, and information 
systems to achieve organizational success. - CORRECT ANSWER-TRUE 
2) Optimizing for tomorrow the trends of today is the purpose of strategic management. - CORRECT ANSWER-FALSE 
3) Even though useful, strategic planning has been cast aside by corporate America 
since the early 1990s. - CORRECT ANSWER-FALSE 
4) Resource allocation is inc...
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