9) Which of the following statements about functional strategies is best?
A) Functional strategies are not impacted by the mission statement; instead they are impacted by
the overall business strategy.
B) Functional strategies determine the overall business strategy.
C) Many functional level strategies could readily be described as cross-functional.
D) A firm’s operations and supply chain strategy is more important than their marketing, finance
and engineering strategies.
10) No one could turn around a failing restaurant as expertly as Gordon, whose experience and
cadre of trained professionals was available at a moment’s notice should his services be needed.
This ability, some might call it a gift, was developed to such a level that other restaurant
consultants were unable to match his results. This ability is best described as his:
A) business strategy.
B) core competency.
C) mission statement.
D) operations and supply chain strategy.
11) The ________ explains why an organization exists.