Tests for a Good Business Strategy Do NOT Include the Requirement

question 23

Multiple Choice

Tests for a good business strategy do NOT include the requirement that the strategy:

• A)creates value for customers
• B)will confuse competitors
• C)is unique compared with competitors
• D)is enduring

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Restitution

The act of restoring someone to their original state, or compensating for a loss, damage, or injury caused.

Aggrieved Party

An individual or entity that suffers a loss or injury due to the actions or omissions of another and has the legal standing to seek redress.

Misrepresentation

A false or misleading statement that induces another to enter into a contract or transaction.