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If a Firm Chooses to Succeed by Building Long-Term Relationships

question 40

Multiple Choice

If a firm chooses to succeed by building long-term relationships with its customers by offering either best price,best product,or best service,it implies that the firm's organizational strategy is:


Definitions:

Issued Capital

The total value of a company’s shares that have been sold to shareholders and are currently outstanding.

Translation Gain

Translation gain arises when the exchange rate changes favorably while converting foreign currency transactions or financial statements into the reporting currency.

Exchange Rate

The price of one country's currency in terms of another currency, affecting international trade and finance transactions.

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