Several Methods Are Used to Make Long-Term Strategic Decisions, Including

question 28

Multiple Choice

Several methods are used to make long-term strategic decisions, including:
I. Net present value
II. Internal rate of return
III. Cost-volume-profit

• A) II and III only
• B) I and II only
• C) I and III only
• D) III only

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Definitions:

Competitive Price-Searcher Market

A market structure where firms have some power to set prices because their products are differentiated, but must consider the prices of competitors.

Losses

The negative financial result from business activities when costs exceed revenues.

Market Message

A communication or signal sent through the movement in prices, volumes, or other market indicators that reflects the collective actions and sentiments of market participants.

Entrepreneurial Process

A sequence of steps starting from ideation to the creation and management of a new business venture.