Which of the Following Is a Requirement for Making a Firm

question 24

Multiple Choice

Which of the following is a requirement for making a firm value-driven?

• A)self-contained independent units with little capacity to influence or be influenced
• B)high-priced goods with more emphasis on branding than quality control
• C)innovative product range with low emphasis on customers' needs
• D)sharing information about customers and competitors across one's own organization
• E)one-time transactional interaction rather than building relationships with customers

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Definitions:

Creative Destruction

A concept in economics that refers to the process through which new innovations lead to the demise of older technologies and economic structures.

Social Destruction

The process by which the social fabric of a community or society is damaged or degraded, often through conflict, neglect, or adverse policies.

Creative Destruction

An economic theory that suggests that old industries or technologies are destroyed and replaced by new ones for economic growth and development.

Disruption

A significant disturbance or interruption to the normal flow or process, often leading to a need for adjustment or a new way of thinking.