The Third Prong of Prestige's Corporate Strategy Involves Periodically Reassessing

question 9

Multiple Choice

The third prong of Prestige's corporate strategy involves periodically reassessing which brands are the best for the company in the long term from a portfolio standpoint and then adjusting the portfolio accordingly.Peter Drucker gave this a name.What is it?

• A) product demixing
• B) product line attrition
• C) organized abandonment
• D) periodic audit
• E) organized delisting

Understanding the establishment of professional corporations by licensed professionals and distinguishing them from other business entities.

Understand the concepts of utility maximization and optimal market basket selection.

Grasp the principle of revealed preference and its application in consumer theory.

Comprehend the effects of rationing systems and price changes on consumer behavior.

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Definitions:

Indirect Exporting

A method of entering foreign markets by selling products through intermediaries, rather than directly to overseas customers.

Export Duties

Taxes imposed on goods shipped out of a country.

Intermediary

A third party that acts as a mediator or middleman between two entities in a business transaction, facilitating the process.

Indirect Exporting

A method of entering foreign markets by selling products to intermediaries, who in turn sell them to customers in the target market, rather than direct exporting.