Which of the Following Is Not a Common Shortcoming of Company

question 21

Multiple Choice

Which of the following is not a common shortcoming of company vision statements?

• A) Vague or incomplete-short on specifics
• B) Focused and narrow-exclusive to a specific direction
• C) Bland or uninspiring
• D) Not distinctive-could apply to most any company (or at least several others in the same industry)
• E) Too reliant on superlatives (best,most successful,recognized leader,global or worldwide leader,first choice of customers)

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Definitions:

Maximize Profit

The process or strategy employed by businesses to increase their net earnings or reduce costs to the greatest extent possible.

Marginal Revenue Curve

A graph that shows the additional revenue a firm earns from selling one more unit of a good or service.

Upward Sloping

A characteristic of a graph or curve that rises from left to right, indicating a positive relationship between two variables.

Perfectly Competitive Firm

A business operating in a market where no single firm can influence the market price or market conditions, facing many competitors and selling identical products.