Strategy refers to the general policies that managers adopt to increase
A. the generation of profits.
B. costs.
C. the number of client meetings.
D. the rate of technological change.
Answer: A
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Which of the following schools of thought are policy interventionists favoring activist aggregate demand management to stabilize output and employment?
a. Keynesians b. Monetarism c. The new classical economics d. The classical economics e. None of the above
Paper money, such as the U.S. dollar, the Israeli shekel, or the euro, that is not backed by and is not convertible into any other good, is called
a. gold-exempt money b. specie money c. paper-valued money d. government-generated money e. fiat money
Which of the following if true would suggest that an expansionary gap exists in an economy?
What will be an ideal response?
The aggregate expenditure model focuses on the ________ relationship between real spending and ________.
a. short-run; real GDP b. short-run; inflation c. long-run; real GDP d. long-run; inflation