Which of the Following Terms Is Correctly Paired with Its

question 94

Multiple Choice

Which of the following terms is correctly paired with its description?

• A)Critical success factors (CSFs): strategic factors that a company requires to compete in a given industry
• B)Core competencies: factors that identify the firm as belonging to an industry
• C)Business strategy: strategy that governs mergers and acquisitions
• D)Corporate strategy: strategy that governs day-to-day operations

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Definitions:

Reasonable Commercial Standards

A set of accepted, practical criteria that guide business conduct and transactions within a particular industry.

Good Faith

A principle that denotes honesty, fairness, and sincerity in the intentions and actions of parties involved in an agreement or transaction, without the intention to deceive or defraud.

Non-merchants

Individuals or entities engaged in transactions who do not regularly deal in goods of the kind sold, thus not considered a merchant under the Uniform Commercial Code.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions between states, ensuring consistency and predictability in business dealings.