Which of the following would indicate that a decision is strategic rather than tactical?
A) It orients the whole organization toward a single clear objective.
B) It is a response to a change in the organization's internal environment.
C) It does not require operational coordination across operating divisions.
D) It can be changed or reversed quickly and does not affect many departments.
E) It has a short-term impact on a particular department.
Question 2
Which of the following characterizes an oligopoly?
A) A single company dominates the market and has dominant pricing power.
B) The market is flooded with companies that sell essentially the same commodity-like product.
C) Companies dominate the market and the actions of one firm affect all other firms.
D) Changes in competitors' strategies or tactics do not influence a company.
E) Products offered by competitors are all identical substitutes.
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