To Remain Number One, Leading Firms Can Take Any of Three

question 2

Multiple Choice

To remain number one, leading firms can take any of three actions. First, they can find ways to expand total demand. Second, they can protect their current market share through good defensive and offensive actions. Third, they can ________.

• A) focus exclusively on divestment
• B) evaluate current employees and reduce costs through downsizing
• C) run smaller companies out of business, causing them to sell out to larger firms
• D) try to expand their market share further, even if market size remains constant
• E) shut down current company locations and reopen in highly populated areas

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Definitions:

Cerebral Hemisphere

One of the two halves of the brain, each responsible for different functions and processes. The left hemisphere is typically associated with language and analytical tasks, while the right hemisphere is linked to creativity and spatial abilities.

Facial Emotion

The expression of feelings or emotions through facial movements, which is a key aspect of non-verbal communication.

Prefrontal Cortex

A region of the brain associated with decision making, social behavior, personality, and cognitive planning.

Cortex

The outer layer of the cerebrum of the brain, involved in various high-level brain functions such as sensation, voluntary muscle movement, thought, reasoning, and memory.