Many Companies Believe Capturing a Maximum Amount of Market Share

question 2

Multiple Choice

Many companies believe capturing a maximum amount of market share is:

• A)important in terms of matching competitor's pricing.
• B)a short-term objective.
• C)necessary for survival.
• D)about increasing revenues and decreasing costs.
• E)a waste of resources.

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Definitions:

Decision-Making

The process by which individuals or groups select a course of action from among multiple alternatives.

Accountability

The obligation to explain, justify, and take responsibility for one's actions to someone who is entitled to ask.

Evaluation

The systematic determination of a subject's merit, worth, and significance, using criteria governed by a set of standards.

Responsibility

The duty or obligation to perform or complete a task, often with an understanding of the moral, legal, or social consequences of failure to do so.