Which of the Following Statements About the Competitive Environment Is

question 121

Multiple Choice

Which of the following statements about the competitive environment is most accurate?

• A) Firms that produce a quality product will always succeed in the competitive marketplace.
• B) Traditional firms will be unable to successfully compete against the new online firms unless they immediately create a way to reach customers through the Internet.
• C) Firms that empower their employees will continue to perform poorly in the competitive environment.
• D) Companies now have to offer both high-quality products and outstanding service at competitive prices.

---

Definitions:

Discounts Offered

Discounts Offered are reductions from the regular price of goods or services, often used as an incentive for customers to purchase more or pay earlier.

Cash Budgets

Financial plans that estimate cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.

Financial Expenses

Costs associated with the borrowing of funds or the costs incurred by an investment, including interest payments and other fees.