- 1 Marks
BMIS – L1 – SA – Q5.3 – Introduction to business strategy
Question
When assessing a strategy, management should particularly review its:
A suitability, acceptability and feasibility
B long term financial returns
C core growth prospects
D impact on product development and potential market share impact
Answer
A
Explanation:
Assessing a strategy involves evaluating its suitability (fit with the organization’s context), acceptability (stakeholder approval), and feasibility (practicality of implementation). The answer document confirms option A as the correct choice. Options B, C, and D focus on specific outcomes or aspects (financial returns, growth, product development) but do not encompass the comprehensive criteria used for strategy assessment.
- Tags: acceptability, feasibility, strategy assessment, suitability
- Level: Level 1
- Uploader: Samuel Duah