Service Firms Often Fail to Recognize the Need for Change

question 92

Multiple Choice

Service firms often fail to recognize the need for change due to the fact that they:

• A)always discount innovation.
• B)face strong competition.
• C)are highly innovative.
• D)are often not faced with obsolescence.

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Definitions:

Worldwide Exchange

The global trade of goods, services, technology, and capital across international borders.

GDP Per Person

Economic metric that divides a country's gross domestic product by its total population, indicating average income or economic output per person.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on worldwide cultural and economic affairs.

Canada

A country in North America known for its vast landscapes, multicultural population, and as a member of the Commonwealth with a parliamentary democracy.