Managers Must Be Prepared to Modify Their Strategy in Response

question 2

Multiple Choice

Managers must be prepared to modify their strategy in response to all of the following EXCEPT

• A) changing circumstances that affect performance and the desire to improve the current strategy.
• B) competitor moves in the market and shifting needs of buyers.
• C) stagnating market and restrictive industrial opportunities.
• D) mounting evidence that the strategy is less effective.
• E) public pronouncements from rivals about monthly profit margins.

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Definitions:

Diagonal Straight Lines

Linear representations in geometry and graphical analyses that slant uniformly between two points.

Indifference Map

A graphical representation of combinations of goods or services between which a consumer is indifferent, showing different levels of utility.

Acceleration

It refers to an increase in the rate or speed of an object or activity, commonly used in physics and economics.

Utility

A measure of satisfaction or pleasure obtained from consuming goods and services.