Short-Termism Is Defined as

question 115

Multiple Choice

Short-termism is defined as

• A)making assessments of the moral character of a company's managers.
• B)the tendency for managers to focus on immediate performance objectives at the expense of longer-term strategic objectives.
• C)assessing the costs and damages to the company's reputation as a result of ethical violations.
• D)weighing the short-term costs of regulatory compliance with the long-term costs of noncompliance.
• E)assessing the short-term costs of complying with government regulations.

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Definitions:

Fad Product

A product that experiences a rapid rise in popularity and equally rapid decline, often due to changing consumer tastes.

Life-Cycle Curve

A graph representing the stages through which a product goes from introduction to decline in the market.

Product Form

Product form refers to the physical characteristics and features of a product that distinguish it from other products in the market.

Product Class

A broad category of products that serve a similar function or are targeted at a similar market, such as electronics or personal care items.