CEOs Should Focus on

question 34

Multiple Choice

CEOs should focus on

• A)beating their competitors.
• B)maximizing firm profits.
• C)getting the best pay package for the senior management team.
• D)minimizing costs.

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Definitions:

Standardize

To make something conform to a uniform style, size, or method, ensuring consistency and compatibility.

Global Markets

Refers to the international trading environment where goods, services, and capital flow across countries, influenced by globalization.

Customization

The process of modifying products or services to meet individual customer preferences or requirements, often leading to greater customer satisfaction.

Water Desalinization

A process that removes minerals and salts from saline water to make it suitable for human consumption and irrigation.