The development of a firm’s mission typically involves which of the following

1. Chapter 1—Strategic Management and Strategic Competitiveness Question MC #40
(Points: 4) 
The development of a firm’s mission typically involves which of the following?

1. Only the CEO.
2. Only top managers.
3. The CEO and top managers.
4. None of the above.
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2. Chapter 1—Strategic Management and Strategic Competitiveness Question MC #43
(Points: 4) 
Capital market stakeholders include

1. shareholders.
2. government regulators.
3. employees.
4. industry competitors.
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3. Chapter 1—Strategic Management and Strategic Competitiveness Question MC #15
(Points: 4) 
The advent of inexpensive high-performance digital cameras may be an example of

1. hypercompetition.
2. knowledge intensity.
3. a disruptive technology.
4. global competition.
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4. Chapter 1—Strategic Management and Strategic Competitiveness Question MC #10
(Points: 4) 
All of the following are characteristic of the global economy EXCEPT

1. the increased use of tariffs to protect industries.
2. the increasing importance of developing countries as sources of revenue growth.
3. the free movement of goods, services, people, skills, and ideas across geographic borders.
4. higher levels of performance standards.
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5. Chapter 1—Strategic Management and Strategic Competitiveness Question MC #4
(Points: 4) 
Investors in an established firm judge the adequacy of the returns on their investment in relation to:

1. the industry’s profit pool.
2. the prime interest rate.
3. the stock market’s overall performance.
4. the returns on other investments of similar risk.