Solved

Satellite Communications Jonathan Worked for Satellite Communications for Twenty Years.In the Time

question 230

Multiple Choice

Satellite Communications
Jonathan worked for Satellite Communications for twenty years.In the time that he worked there, he learned a lot about the company and how it operated.The company met its sales and revenue goals every year.However, most of the employees had similar educational and cultural backgrounds.He believed that the company could do much better if it cultivated an environment that promoted many different ideas.Additionally, Satellite Communications was mostly focused on how much revenue it earned in a given year.Jonathan felt that the most important goal should be to satisfy customers.He believed financial success would result from focusing on customers.
After a lot of consideration, Jonathan decided to open his own business called Universal Communications and hire employees that reflected a more diverse customer base.He was happy to have this opportunity because it was a dream that he had always had.He had always wanted to make his own decisions about both how and what his company would produce.The only aspect of the business he was unsure of was pricing, yet he knew this would be important for his ultimate success.
-Refer to Satellite Communications.When hiring people, which of the following does Jonathan think is most important to consider?

Definitions:

GDP

Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of its economic performance.

Net Exports

The value of a country's total exports minus its total imports.

Balance Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports, leading to a negative balance of trade.

Consumption

The use of goods and services by households. It includes expenditures on goods and services, except for purchases of new housing.