If Xerox Had Continued to Define Its ________ in Terms

question 64

Multiple Choice

If Xerox had continued to define its ________ in terms of just producing copy machines instead of providing 'document solutions' the shift to electronic documents would have left them in serious trouble.

• A)mission
• B)external environment
• C)business plan
• D)portfolio analysis
• E)SWOT analysis

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Definitions:

Consumption Expenditures

The total amount spent by households on goods and services for their own use, not including savings or investments.

Households

Economic entities (of one or more persons occupying a housing unit) that provide resources to the economy and use the income received to purchase goods and services that satisfy economic wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Circular Flow Model

An economic model depicting the continuous, circular flow of goods, services, and money between households and businesses in an economy.