Which of the Following Would Be Considered a Reason for Adopting

question 107

Multiple Choice

Which of the following would be considered a reason for adopting strategic management and strategic planning?

• A)To enhance employee loyalty.
• B)To keep corporate taxes at a minimum.
• C)To develop independent work from the staff.
• D)To provide develop a sustainable competitive advantage.
• E)To increase market dominance with repeat purchase.

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Definitions:

Substitute Goods

Products or services that can serve as replacements for each other; when the price of one increases, the demand for the alternative is likely to increase.

Time Available

The total hours or minutes that can be allocated to certain activities or tasks within a given period.

Price-Elastic

Refers to a situation where the demand for a product changes significantly in response to a change in price.

Bayer Aspirin

A brand of aspirin produced by Bayer AG, known for its pain-relieving, fever-reducing, and anti-inflammatory properties.