Firms That Were Successful in the Past Can Fail Today

question 95

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• B) the company strategy is outdated.
• C) their financial situation is resilient.
• D) management monitors the relevant environmental factors regularly.

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Definitions:

Medical Technology

The use of technology and devices in the practice of medicine to diagnose, treat, and monitor diseases and conditions.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Respite Care

Temporary care provided to patients or clients, intended to give relief to their usual caregivers.

Caregivers

Caregivers are individuals who provide direct care and support to people with health-related needs or disabilities, including family members or professional health care providers.