A Firm That Has the Ability to Be a Market

question 36

Multiple Choice

A firm that has the ability to be a market leader rather than a follower is said to be:

• A)innovative
• B)a risk taker
• C)proactive
• D)competitively aggressive

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Definitions:

Design Specifications

Detailed descriptions of the characteristics that a product or project must meet.

Blueprint

A detailed plan or scheme outlining the design, function, or operations of a project or object, often used in construction and engineering.

Organizational Crisis

A significant threat to operations or the reputation of an organization that requires urgent attention and action to protect stakeholders.

Early Warning Signs

Indicators or signals that suggest potential problems or changes in a system or process, allowing for preemptive action to avoid negative outcomes.