To Survive and Generate Profit Over the Long Run Requires

question 11

Multiple Choice

To survive and generate profit over the long run requires a firm to:

• A)Focus on revenue maximisation
• B)Be responsive to evolving customer needs and to relevant changes in the wider political, economic, social and technological environment
• C)Choose a low cost strategy and a differentiation strategy simultaneously
• D)Put emphasis on its top managers' behaviors and ethics

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Definitions:

Behavior Change

The process of transforming one's actions and attitudes towards healthier habits, often key in improving personal well-being and health outcomes.

Overcoming Obstacles

The process or act of resolving or surpassing barriers or difficulties to achieve a goal.

Transtheoretical Model

A theory of behavior change that evaluates an individual's readiness to act on a new healthier behavior, and provides strategies or processes to guide the individual.

Contemplation Stage

The stage in which people are aware of a problem and are thinking about overcoming it but have not yet made a commitment to take action.