A firm that is plagued with overcapacity, intense competition, or changing consumer desires would do better if it pursues ________ as its major objective
A) market skimming
B) product-quality leadership
C) survival
D) profit maximization
E) market penetration
C
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Ann Co uses the dollar-value LIFO retail method. The beginning inventory, purchased when the price index was 100, had a retail value of $4,000 and a cost of $3,600. During the period, purchases amounted to $60,000 at retail ($52,800 at cost). Sales amounted to $56,300. The year-end price index was 110. What is the cost of ending inventory?
A) $6,240 B) $6,504 C) $6,570 D) $6,900
Direct materials and direct labor costs are examples of variable costs of production
Indicate whether the statement is true or false
What actions did recruiting managers at Goldman Sachs NOT take to change the bank's culture and push for good strategy execution and operating excellence?
A. Goldman recruiters learned the obstacles in the path of good execution, and cleared the way for progress by seeking buy-in from C-Level executives to institute changes in the bank's culture B. Goldman overhauled its performance review and promotion systems as well as its recruiting practices and policies regarding diversity C. Goldman instituted more employee-friendly work schedules and policies, more accommodating of work-life balance D. Goldman weeded out managers who were consistently in the ranks of the lowest performers (the bottom 10 percent) and who were not enthusiastic about the strategy or how it is being executed E. Goldman liberalized its parental leave policies, provided greater flexibility in work schedules, and enacted protections for interns and junior bankers designed to limit their working hours
AIDA applies to persuasive messages that are written using a direct organizational strategy
Indicate whether the statement is true or false