A Survey by Bain and Company Reports That ________ Percent

question 32

Multiple Choice

A survey by Bain and Company reports that ________ percent of global executives believe that they will have to revamp their core businesses to remain competitive,and ________ percent say that the speed of global business has made maintaining a competitive edge more difficult.

• A)85; 80
• B)75; 80
• C)50; 75
• D)25; 50

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Definitions:

Output Increases

A situation where a firm or economy produces a greater quantity of goods or services.

Total Variable Cost

The sum of expenses that vary directly with the level of production output, excluding any fixed costs.

Marginal Cost

The additional cost incurred from producing one more unit of a product or service.

Decreasing Rate

A situation where the rate of growth or progression reduces over time.