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

Recognize the legal advancements for married women in the early 19th century, especially in Mississippi.

Comprehend the factors promoting strict gender roles separation prior to the Civil War.

Analyze the challenges in forming a unified American democracy in the early 19th century.

Identify the significant changes in gender roles in antebellum America and factors contributing to these changes.

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Definitions:

Unionization

The process of organizing the employees of a company into a labor union to seek collective bargaining rights and protect their interests.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as effectively as possible.

Material and Human Resources

The tangible resources (like equipment and raw materials) and the workforce needed to carry out organizational operations.

Internal and External Customers

Refers to the individuals or entities within (internal) and outside (external) an organization that receive and are affected by its services or products.