Explain Why "Do Your Best on the Quiz" Is Not

question 117

Essay

Explain why "do your best on the quiz" is not a good goal. In your response, discuss the difference between operational and nonoperational goals.

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Definitions:

Primary Stakeholders

Individuals or groups directly affected by an organization's operations, including employees, customers, suppliers, and investors.

External Environment

Factors outside an organization that can affect its operation, such as economic, social, technological, and political conditions.

Sustainable Competitive Advantage

A long-term value that a company possesses, making it difficult for competitors to replicate or overcome, ensuring continued business success.

Low-Cost Leader

A company that can produce or offer goods and services at a lower cost than its competitors, often leveraging this advantage to dominate market share.