During the 21st Century,the Complexity of the Challenges Posed by Disruptive,digital

question 43

Multiple Choice

During the 21st century,the complexity of the challenges posed by disruptive,digital technologies and accelerating rates of change have encouraged companies to:

• A)Shift their strategic focus towards the growth markets of Asia,Africa,and Latin America.
• B)Rejecting shareholder value maximization in favor of maximizing stakeholder interests
• C)Depend increasingly upon strategic alliances and other forms of collaboration
• D)Prefer mergers and acquisitions to organic growth.

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Definitions:

Service Company

A business that provides intangible products or services to customers rather than physical goods.

Labor Costs

Labor costs refer to the total expenses related to compensating employees, including wages, benefits, and taxes, incurred by a business.

Staff Turnover

The turnover rate of employees in a company, signifying the speed at which staff members depart and are subsequently replaced by new hires.

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date, as opposed to immediate cash transactions.