In Terms of Ends/means Relationships, Which of the Following Statements

question 30

Multiple Choice

In terms of ends/means relationships, which of the following statements are true?

• A)Action plans are the ends to the means of developing value-adding strategies.
• B)Value-adding strategies are the means for accomplishing the ends of directional, adaptive, market entry, and competitive strategies.
• C)Support strategies are the ends for the means of value-adding strategies.
• D)None of the above statements is true.

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Definitions:

Unity

In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.

Inelastic

Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.

Elasticity of the Demand

A measure of how the quantity demanded of a good responds to a change in its price.

Technological Changes

Innovations or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.