What Mistake Can Companies Make When They Define Their Core

question 49

Multiple Choice

What mistake can companies make when they define their core business?

• A) being myopic
• B) seeing the big picture
• C) being too strategic
• D) being too technical

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Definitions:

Equilibrium

The state in which both reactants and products are present in concentrations which have no further tendency to change with time, usually in a closed system.

Product

The result of multiplying two or more numbers together or the substances formed at the end of a chemical reaction.

Concentration

The measure of the amount of a sub-component (especially solute) in a solution, denoting how much of a substance is contained in a certain amount of another substance.

Shift

In a general sense, it refers to a change or movement from one position, state, or direction to another.