TRUE OR FALSE QUESTIONS 1. The process of creating goods and services in which o
ID: 363262 • Letter: T
Question
TRUE OR FALSE QUESTIONS
1. The process of creating goods and services in which organizational resources are transformed into outputs is called production 2. Intern al development is not an option for implementing growth strategies ross-functional team is a group of individuals from various functional departments who work together on prod process development. uct or 4. Benchmarking is the search for best practices inside or outside an organization 5. The SWOT analysis points to the strategic issues makers need to address in their pursuit of sustainable competitive advantage 6. Competitive advantage is what sets an organization apart from other firms in its industry 7. The term generic strategy refers to the fact that any type or size organization' in any type or size industry can pursue itExplanation / Answer
1.) Yes, it is true. Production is defined as conversion of inputs into outputs
2.) False. Growth strategies in any organization strats from its internal resources only like employess
3.) True. Cross functional team is made to bring diversity in terms of knowledge and thought process from different functions of any organization
4.) True. Benchmarking is identifying best practices across the industry to improve ourselves.
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