To which of the following firms is the term "repeatedly evolving strategy" MOST applicable?
A) A government agency that makes plans for a set period of time and implements them phase by phase through the tenure
B) A mobile company,established in a saturated market,that aims at quarterly release of new products
C) A new cosmetics manufacturer in a market that replicates the products of a competitor at a moderate quality and lower price
D) A nationalized bank that lends at a lower interest rate but a zero processing fee in a market crowded with privatized banks running at high cost
E) A firearms regulatory agency,set up by the government,that publishes industry standards for safety,reliability,and quality of arms and ammunition

Question

Quizplus · Accepted Answer

The term "repeatedly evolving strategy" refers to a business approach that involves constantly adapting and adjusting strategies in response to changes in the market or industry. This is most applicable to a mobile company, established in a saturated market, that aims at quarterly release of new products as they need to keep up with the changing market trends and customer demands. They need to evolve their strategy repeatedly to stay relevant in the market.

To Which of the Following Firms Is the Term "Repeatedly