To Remain Number One,leading Firms Can Take Any of Three

question 52

Multiple Choice

To remain number one,leading firms can take any of three actions.First,they can find ways to expand total demand.Second,they can protect their current market share through good defensive and offensive actions.Third,they can ________.

• A) hire and train new employees
• B) evaluate current employees
• C) run smaller companies out of business, causing them to sell out to larger companies
• D) try to expand their market share further, even if market size remains constant
• E) shut down current company locations and reopen in highly populated areas

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Definitions:

Prefatory Parts

Introductory sections of a document or book that provide background information or summarize its contents.

RFP

Request for Proposal, a document that solicits proposals, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Proposal Research

The initial stage in a project or study that involves gathering information and formulating a plan to address a specific question or problem.

Line of Reasoning

A logical sequence of statements or arguments that lead to a specific conclusion.