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:

George H. W. Bush

The 41st President of the United States (1989-1993), known for his leadership during the Gulf War and efforts to handle post-Cold War international relations.

Presidential Election

A process in which citizens of the United States vote for their leader, the President, through a system of electoral votes which are determined state by state.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, noticeable in GDP, employment, and trade.

Computer Technology

The design, development, and application of devices, software, and systems that process data and perform tasks.