Which of the Following Statements Is NOT True About World-Class

question 2

Multiple Choice

Which of the following statements is NOT true about world-class firms?

• A)World-class firms are firms that are poor in customer support.
• B)World-class firms know their market and their products.
• C)World-class firms strive continually to improve product design, manufacture, and delivery.
• D)World-class firms can compete with the best of the best in a global environment.

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Definitions:

Geographical Location

The specific, physical place where something exists, defined by its latitude and longitude or its place in a larger area.

Sole Proprietorships

A business structure where a single individual owns and runs the business, bearing sole responsibility for its debts and liabilities.

Corporations

Business entities that are legally separate from their owners, providing limited liability protection, and able to own assets and incur debt.

Partnerships

A legal and operational agreement between two or more parties to manage and operate a business jointly, sharing its profits and liabilities.