Which of the following terms is correctly paired with its description?
A)Critical success factors (CSFs): strategic factors that a company requires to compete in a given industry
B)Core competencies: factors that identify the firm as belonging to an industry
C)Business strategy: strategy that governs mergers and acquisitions
D)Corporate strategy: strategy that governs day-to-day operations

Question

Quizplus · Accepted Answer

Critical success factors are strategic factors that a company requires to compete in a given industry.

Answer: B
 Core competencies are factors that identify the firm as belonging to an industry.

Answer: C and D are incorrect
 Business strategy is not limited to mergers and acquisitions, and corporate strategy does not govern day-to-day operations.

Which of the Following Terms Is Correctly Paired with Its