For a Firm to Maximize Its Profitability,it Is Necessary That

question 114

Multiple Choice

For a firm to maximize its profitability,it is necessary that it

• A)creates products similar to the products of its competitors.
• B)does not configure its internal operations to reduce costs.
• C)minimizes the value of the consumer surplus.
• D)picks a position on the efficiency frontier that is viable.
• E)strips all the value out of its product offering.

Understand the relationship between attitudes, happiness, and health outcomes.

Explain how personal characteristics affect self-perceived happiness and stress management.

Understand the various methods and purposes of business communications.

Identify and apply appropriate organizational methods for verbal and written communication.

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Definitions:

Sudden Travel

The act of quickly moving or being moved from one location to another without prior planning or preparation.

Magnification

In cognitive psychology, it refers to a distortion where an individual exaggerates the negatives or minimizes the positives of a situation.

Beck

Beck commonly refers to Aaron T. Beck, a psychiatrist known for developing cognitive therapy, a foundation for cognitive-behavioral therapy.

Cognitive Psychologist

A professional in psychology who studies mental processes such as "attention, language use, memory, perception, problem solving, creativity, and thinking."