Describe Two of the Four Directional Strategies That Firms Have

question 83

Essay

Describe two of the four directional strategies that firms have used to meet objectives.

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Definitions:

Unauthorized Charges

Expenses made to a credit card, bank account, or other financial account without the account holder’s approval or knowledge.

Credit Card

A payment card issued by financial institutions allowing the cardholder to borrow funds for purchases or cash advances.

Strict Product Liability

A legal doctrine that makes a manufacturer, distributor, or seller of a defective product liable for the damages caused by that product, regardless of fault.

Defective Condition

A condition that makes a product unreasonably dangerous to the consumer, user, or property. See product liability.