A Firm That Is Plagued with Overcapacity, Intense Competition, or Changing

question 66

Multiple Choice

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

---

Definitions:

Environmental Conditions

The various physical and biological factors that influence the life and survival of organisms in their habitat.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.

Major Stroke

A major stroke is a severe form of stroke characterized by extensive brain damage and significant loss of neurological function, often with lasting consequences.

Personality Problems

Difficulties or disorders in patterns of thought, feeling, or behavior that interfere with an individual's functioning or cause significant distress.