- 1 Marks
Question
Strategic decision making by the Board of Directors includes the following, EXCEPT:
A. Decision to fix appropriate price for the company’s product
B. Setting strategic objectives for the business
C. Decision to withdraw from a market
D. Deciding the major business strategies
E. Setting total borrowing limits for the company
Answer
A. Decision to fix appropriate price for the company’s product
Explanation:
Strategic decisions made by the Board of Directors typically involve high-level, long-term objectives such as setting strategic goals, deciding to withdraw from a market, determining business strategies, and setting borrowing limits. Fixing the price of a company’s product, however, is generally considered an operational or tactical decision, which is more likely handled by management rather than the Board of Directors.
- Tags: Board of Directors, Business Strategy, Strategic Decision
- Level: Level 1
- Topic: Business and Organizational Structures and Choices
- Series: NOV 2020
- Uploader: Dotse