Quick Responsiveness to Market Changes Is Least Critical for a Company

question 26

Multiple Choice

Quick responsiveness to market changes is least critical for a company:

• A) pursuing a focus strategy.
• B) pursuing a low-cost strategy.
• C) using strategic alliances to develop new technology.
• D) pursuing a differentiation strategy.

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Definitions:

Modification

A change or alteration, often to a contract or agreement, altering its terms or conditions.

Dishonored

Referring to a financial instrument, such as a check or promissory note, that is not accepted or paid when presented for payment.

Note

A promise by the maker of the note to pay the payee of the note.

Reasonable Identification

The process of sufficiently identifying an individual through the use of valid and reliable means or documents.