If Other Companies Applied the Same Strategy Used by David

question 79

Multiple Choice

If other companies applied the same strategy used by David Windorski at 3M, they would most likely

• A)find a winning strategy and stick with it.
• B)search continuously to discover customers' needs.
• C)change strategies every ten years to avoid becoming complacent.
• D)avoid excessive attention to customers' demands; customers cannot always differentiate between their needs and their wants.
• E)focus on the shareholders of the company and know the strategy will follow.

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Definitions:

Coupon Rate

The yearly interest yield on a bond, shown as a percentage of its nominal value, disbursed from the date of issuance to the date it matures.

Present Value

A calculation that determines the current value of an amount of money to be received in the future, discounted at a specific interest rate.

Yield To Maturity

Yield to maturity is the total return expected on a bond if the bond is held until it matures, including all interest payments and the repayment of par value.

Annual Coupon

A fixed interest rate paid by a bond issuer to the bondholder, typically paid annually.