The Most Important Aspect(s)of a Company's Business Strategy

question 50

Multiple Choice

The most important aspect(s) of a company's business strategy

• A)are the actions and moves in the marketplace that managers take to gain a sustainable competitive advantage.
• B)is figuring out how to maximize profits and shareholder value.
• C)concerns how to improve the efficiency of its business model.
• D)deals with how management plans to maximize profits while,at the same time,operating in a socially responsible manner.
• E)is figuring out how to become the industry's low-cost provider.

---

Definitions:

Expected Profit

The forecasted or anticipated earnings from an investment or business activity, considering potential risks and returns.

Current Cost

The price that would be paid for goods or services if purchased in the current market, as opposed to historical cost.

User Cost

The cost of using a durable good or asset, which includes depreciation, interest lost on funds used to buy the asset, and maintenance costs.

Nonrenewable Resources

Natural resources that cannot be replenished within a human lifetime, such as fossil fuels or minerals.