Which of the Following Is Essential for a Company to Survive

question 18

Multiple Choice

Which of the following is essential for a company to survive successfully in a global market?

• A) a product-centric marketing approach
• B) an ethnocentric management orientation
• C) a low-wage workforce
• D) a sustainable competitive advantage

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Definitions:

Prospects

Potential customers or clients who are considered likely to purchase a product or service based on their needs, abilities, and interests.

Center of Influence

Individuals or entities that have significant sway or impact within a community or market, often guiding the opinions of others.

Chamber of Commerce

An association of business owners and professionals aimed at promoting and protecting the interests of its members within a community.

Clergy

Ordained leaders of a religious faith, responsible for overseeing religious services and providing spiritual guidance.