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

---

Definitions:

Developmental Costs

The expenses incurred during the creation and implementation of a project, including research, design, and testing.

Technical Skills Certificate Program

A structured educational offering designed to provide specific technical skills and competencies.

Program Design

The process of creating a structured plan for a training or educational initiative, outlining objectives, content, materials, and assessment methods.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession through on-the-job training and often some accompanying study.