Companies Invest in Specialized Assets Because These Assets Allow Them

question 20

Multiple Choice

Companies invest in specialized assets because these assets allow them to:

• A)lower their cost stmcture.
• B)charge excessive prices for their products.
• C)the materials required are unique.
• D)develop customized products.
• E)charge premium prices for their products.

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Definitions:

Strategic Management

A comprehensive approach to planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives.

Successful Salesperson

An individual who consistently meets or exceeds sales targets through effective communication, persuasion, and understanding of customer needs.

Sales Success

Achievement of desired sales outcomes, often measured by hitting targets or generating significant revenue.

Strategic Thinking

The process of analyzing critical factors and variables that will influence the long-term success of a business or decision.