1.Business Z recently acquired its competitor, Y Company. The executives in both

Question

1.Business Z recently acquired its competitor, Y Company. The executives in both companies realized they need for a strategic change. What would be the next step in this strategy process?

A)Conduct a situational analysis.

B) Conduct a focus group

C)Determine the need for change

D) Draft implementation

2.Company X has a great reputation for providing excellent customer service and innovative client relationship management system. Company X created a sustainable competitive advantage by using _____ resource.

A) non-substitutable

B) tangible

C)valuable

D) rare

Explanation / Answer

1. C) Determine the need for change. Correct option.

It is important to identify the need for change in order to communicate effectively to all stakeholders.

2. B) tangible. Correct option

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