A Set of Actions That a Firm Takes to Achieve

question 16

Multiple Choice

A set of actions that a firm takes to achieve a goal, such as maximizing profits, is called

• A)a business strategy.
• B)a payoff matrix.
• C)the Porter's Competitive Forces plan.
• D)game theory.

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Definitions:

Defense Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and to maintain self-image.

Sexual Awareness

Consciousness or recognition of one's own sexual identity, preferences, and health.

Internal Locus

The belief that individuals have control over their life events and outcomes, as opposed to external forces.

Control

Control refers to the power to influence or direct people's behavior or the course of events.