Dropping an Unprofitable Product Immediately Is the Best Strategy When

question 46

Multiple Choice

Dropping an unprofitable product immediately is the best strategy when

• A) all advertising and promotional efforts have been exhausted.
• B) customers have a negative outlook on other products.
• C) losses are too great to prolong the product's life.
• D) the product's performance cannot be improved.
• E) there is low compatibility with the firm's business strategies.

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Definitions:

Nursing Code

A set of ethical principles and standards that guide the professional conduct of nurses and nursing care.

Ethical Responsibility

A moral obligation to act correctly and make decisions that positively affect people and the environment, often referenced in professional contexts.

Competent Care

The provision of effective, appropriate, and skilled nursing or medical services to patients by healthcare professionals.

Utilitarianism

A moral theory that suggests that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.