Which of the following statements about the competitive environment is most accurate?
A) Firms that produce a quality product will always succeed in the competitive marketplace.
B) Traditional firms will be unable to successfully compete against the new online firms unless they immediately create a way to reach customers through the Internet.
C) Firms that empower their employees will continue to perform poorly in the competitive environment.
D) Companies now have to offer both high-quality products and outstanding service at competitive prices.
Correct Answer:
Verified
Q254: Which of the following statements best describes
Q255: Empowerment means:
A) giving employees the authority to
Q256: Klara wants to compare the price of
Q257: Tabitha called in a food order to
Q258: Markus is in charge of production for
Q260: Tyler Brown recently noticed that he was
Q261: Globalization
A) has greatly improved living standards around
Q262: Pets on the Run, Inc., a mobile
Q263: Greening refers to
A) the need for more
Q264: The immigrant population (both legal and illegal)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents