Which of the Following Is a Reason That a Firm

question 7

Multiple Choice

Which of the following is a reason that a firm might want to abandon products or markets?

• A)The market environment has changed, making a product more profitable.
• B)The firm has entered areas in which it does not have experience.
• C)The economic climate is showing signs of recovery.
• D)The firm has grown too slowly.
• E)The firm has products which are slowly becoming more appealing to the customer.

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Definitions:

Self-Interest

Acting in a way that is beneficial to oneself, focusing on actions that promote individual interests and well-being.

Charismatic

Having a compelling charm or appeal that inspires devotion or admiration in others.

Transformational Leader

A leader who inspires followers to exceed their own self-interest for the good of the organization and can create a significant change in both followers and the organization.

Vision

The ability to imagine different and better conditions and ways to achieve them.