Business strategy occurs within strategic business or SBUs, the standalone divisions of a larger conglomerate, each with its own profit-and-loss responsibility. Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-05 Describe the roles of corporate; business; and functional managers in strategy formulation and implementation. Topic: Strategic Leadership 43. Who the following is responsible for making business strategies in a large conglomerate? General managers in strategic business units (SBUs) must answer business strategy questions relating to how to compete in order to achieve superior performance. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-05 Describe the roles of corporate; business; and functional managers in strategy formulation and implementation. Topic: Strategic Leadership 44. Red Million Inc. is a large company that sells a variety of products such as apparel, jewelry, canned foods, consumer electronics, and automobiles. Apart from this, the company also has a strong presence in the service industry through its chain of hotels, fast food restaurants, and amusement parks. Each of its product divisions operates as an individual business and is responsible for its own profits and losses. Thus, these product divisions under Red Million can be referred to as _____. These product divisions under Red Million can be referred to as strategic business units (SBUs). Business strategy occurs within strategic business units, the standalone divisions of a larger conglomerate, each with its own profit-and-loss responsibility. General managers in SBUs must answer business strategy questions relating to how to compete in order to achieve superior performance.
Business strategy occurs within strategic business or SBUs, the standalone divisions of a larger conglomerate, each with its own profit-and-loss responsibility. Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-05 Describe the roles of corporate; business; and functional managers in strategy formulation and implementation. Topic: Strategic Leadership 43. Who the following is responsible for making business strategies in a large conglomerate? General managers in strategic business units (SBUs) must answer business strategy questions relating to how to compete in order to achieve superior performance. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-05 Describe the roles of corporate; business; and functional managers in strategy formulation and implementation. Topic: Strategic Leadership 44. Red Million Inc. is a large company that sells a variety of products such as apparel, jewelry, canned foods, consumer electronics, and automobiles. Apart from this, the company also has a strong presence in the service industry through its chain of hotels, fast food restaurants, and amusement parks. Each of its product divisions operates as an individual business and is responsible for its own profits and losses. Thus, these product divisions under Red Million can be referred to as _____. These product divisions under Red Million can be referred to as strategic business units (SBUs). Business strategy occurs within strategic business units, the standalone divisions of a larger conglomerate, each with its own profit-and-loss responsibility. General managers in SBUs must answer business strategy questions relating to how to compete in order to achieve superior performance.
Test-Bank-for-Strategic-Management-2nd-Edition-by-Rothaermel.docx