Since It Is Virtually Impossible to Be the Best in Every

question 20

Multiple Choice

Since it is virtually impossible to be the best in every dimension of competition, firms should in general strive to provide a____________ level of acceptance for each of the order qualifiers but____________ try to be the best in the market for the order winners) .

• A) maximum, should
• B) maximum, should not
• C) minimal, should
• D) minimal, should not

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Definitions:

Larger Contract

A contract that is significant in terms of value, scope, or importance, often involving considerable resources or high stakes.

Smaller Contract

A contractual agreement of less scope or value compared to others, often involving fewer obligations or complexities.

Missing Context

Refers to the absence of necessary information or background that helps to interpret or understand a situation or data set.

Missing Context

A situation where essential information is absent, making it difficult to fully understand or assess a scenario.