The Basic Strategy Paradigm Suggests That to Maximize Its Profitability

question 23

Multiple Choice

The basic strategy paradigm suggests that to maximize its profitability, a firm should do all of the following, EXCEPT:

• A) choose, according to strategy, any position on the efficiency frontier as all positions are viable.
• B) pick a position on the efficiency frontier that is viable in the sense that there is enough demand to support that choice.
• C) configure its internal operations so that they support the position on the efficiency frontier.
• D) make sure that the right organization structure is in place to execute the strategy.

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Definitions:

Cultural Capital

Social assets unrelated to finances that enhance social mobility, including education, intelligence, manner of speaking, and fashion.

Upper-Class Family

A family belonging to the highest social class, typically associated with wealth, influence, and privilege.

Private Tutoring

One-on-one or small group educational support provided outside of the traditional school setting to enhance learning.

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, dress, or physical appearance.