A Characteristic That Describes the Most Competitive Companies in America

question 4

True/False

A characteristic that describes the most competitive companies in America is "whether it's broke or not, fix it - make it better; not just products, but the whole company if necessary."

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Definitions:

Units

Units are standard measures or quantities used to specify or quantify the dimensions, amount, or capacity of something.

Price-Output Combination

The specific level of output and the price at which that output is sold in the market, relevant in contexts of market equilibrium and firm strategies.

Total Revenue

The total amount of money a firm receives by selling goods or services.

Elastic

refers to the responsiveness of demand or supply to changes in price or income.