The Desire of Bill Gates of Microsoft to Have "A

question 69

Multiple Choice

The desire of Bill Gates of Microsoft to have "a computer on every desk" is an example of a:

• A)Vision statement
• B)Corporate-level strategy
• C)SWOT analysis
• D)Mission statement
• E)Goal statement

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Definitions:

Economic Profit

The difference between total revenues and total costs, taking both explicit and implicit costs into account, indicating the additional income over the opportunity cost of capital.

Industry Z

An unspecified sector of the economy, used as a placeholder to discuss economic concepts without specifying an industry.

Output Expansion

The increase in the production of goods or services by a firm or economy over time.

Market Entry

The strategy or process of introducing new products or services into an existing or new market.