A Company That Follows No Consistent Strategy, but Instead Changes

question 24

Multiple Choice

A company that follows no consistent strategy, but instead changes depending on the environment, is a(n) :

• A)analyzer
• B)first-mover
• C)prospector
• D)reactor

---

Definitions:

Labor

Human effort, whether physical or mental, contributed to the production of goods and services.

Materials

The physical components used in the production of goods and services.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Variable Costs

Expenses that change in proportion to the activity of a business, such as raw material and labor costs.