If Kia Motors Is Attempting to Achieve Its Mission and Objectives

question 43

Multiple Choice

If Kia Motors is attempting to achieve its mission and objectives by providing a low-priced line of cars,this is referred to as its:

• A)competitive strategy
• B)business policy
• C)information systems plan
• D)objective statement

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Definitions:

Capital-Intensive

A business process or industry that requires large amounts of money to produce goods or services, often due to high costs of machinery and equipment.

Machinery

Physical devices or equipment designed to perform specific tasks in industrial or commercial settings, often part of the fixed assets of a business.

Soft Rationing

The situation that occurs when units in a business are allocated a certain amount of financing for capital budgeting.