Firms That Were Successful in the Past Can Fail Today

question 125

Multiple Choice

Firms that were successful in the past can fail today because

• A)they keep pace with changes in the nature of competition.
• B)their financial situation is resilient.
• C)the company strategy is outdated.
• D)management monitors the relevant environmental factors regularly.

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Definitions:

Motor Vehicles

Wheeled vehicles that are motorized or engine-powered, used for transporting people or goods over land.

Firearms

Weapons capable of firing a projectile using an explosive charge as a propellant.

Drug Overdoses

The ingestion or application of a drug in quantities greater than are recommended or generally practiced, often leading to severe adverse effects.

Androgen

A type of hormone that plays a role in male traits and reproductive activity; testosterone is the most well-known androgen.