Managers Are Most Likely to Increase the Profitability of Their

question 105

Multiple Choice

Managers are most likely to increase the profitability of their firm by pursuing strategies that:

• A) add value to the firm's products.
• B) increase costs.
• C) enable the firm to reduce the depth of its product line.
• D) allow the firm to sell less products in existing markets.
• E) allow the firm to exit from relatively new markets.

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Definitions:

Self-Management

The ability to control one’s emotions and act with honesty and integrity in a consistent and acceptable manner.

Honesty and Integrity

The adherence to truthfulness, fairness, and uprightness in actions and principles.

Social Awareness

Having empathy for others and having intuition about work problems.

Team Leader

A person who provides guidance, instruction, direction, and leadership to a group of other individuals (the team) for the purpose of achieving the team's goals and objectives.