One Challenge Faced by Organizations Is the Need to Focus

question 194

Multiple Choice

One challenge faced by organizations is the need to focus on consumer needs while also ________ the interests of countless other people, groups, and forces that interact to shape the nature of its actions.

• A) resisting
• B) balancing
• C) developing
• D) guaranteeing
• E) minimizing

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Definitions:

Legal Final Goods

Goods that have been produced, fully completed, taxed, and meet legal standards for sale to consumers.

Illegal Final Goods

Products that have been banned or prohibited by law, yet are still produced and distributed in the market.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.

Macroeconomics

The branch of economics that studies economic phenomena at a national, regional, or global level, including issues like inflation, unemployment, economic growth, and monetary and fiscal policy.