At the End of World War II in 1945,many Economists

question 198

Multiple Choice

At the end of World War II in 1945,many economists and business managers expected that the U.S.economy would enter a severe recession.At that time,Sears and Montgomery Ward were the two largest department store chains in the country.Sears CEO Robert Wood expected continuing prosperity and opened new stores.Montgomery Ward CEO Sewell Avery expected falling incomes and rising unemployment and closed a number of existing stores.The results of their actions were seen during the late 1940s,when

• A)Sears declared bankruptcy and was purchased by Montgomery Ward.
• B)Montgomery Ward weathered the economic downturn in better financial shape than Sears.
• C)Sears rapidly gained market share at Montgomery Ward's expense.
• D)Sears had to close many of the new stores it had opened following the end of the war.

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Definitions:

Organizational Objectives

The specific goals that a company sets out to achieve, which guide its operations and strategic planning.

Financial

Pertaining to money or how money is managed, including investments, expenses, and revenue streams.

Sustainability

The practice of maintaining processes or systems in ways that do not deplete resources or harm ecological systems for future generations.

Competitive-Edge Strategies

Approaches employed by businesses to gain a superior market position and outperform competitors.