Which of the Following Is NOT a Characteristic That Describes

question 111

Multiple Choice

Which of the following is NOT a characteristic that describes the most competitive companies in America?

• A) Divestiture is essential to growth.
• B) People make a difference.
• C) Innovate or evaporate.
• D) There is no substitute for quality and no greater threat than failing to be cost-competitive on a global basis.
• E) Whether it's broke or not, fix it.

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Definitions:

Economic Profits

The excess of total revenues over total costs, including both explicit and implicit costs.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Long-Run Profits

The amount of money a firm makes after all inputs have been adjusted to their optimal levels, considering the long-term outlook.

Short-Run Profits

Profits earned during a brief period of time, not considering long-term investments or fixed costs.