Question $16$

How might an organisation benefit from implementing a maintenance strategy?

a$.$

By rapidly expanding into new markets

b$.$

By implementing radical changes to its processes

c$.$

By aggressively competing with its rivals

d$.$

By maintaining contact with its current customers

Question $17$

Which of the following best describes a global strategy?

a$.$

Ignoring international competitors

b$.$

Designing, producing, and marketing products with global needs in mind

c$.$

Limiting production to the home country

d$.$

Focusing only on domestic markets for profitability

Question $18$

What is at stake when formulating strategies?

a$.$

The livelihood of employees and shareholders

b$.$

The organisation's social media presence

c$.$

The organisation's marketing campaigns

d$.$

The design of the company's website

Question $19$

What responsibility do managers have regarding business ethics?

a$.$

Implementing aggressive marketing strategies

b$.$

Developing and enforcing a code of ethics

c$.$

Ensuring profitability at any cost

d$.$

Fostering competition among employees

Question $20$

What is a key difference between preparing projected financial statements for nonprofit organisations and for$-$profit organisations?

a$.$

Nonprofits add net income to their equity section

b$.$

Nonprofits do not have a retained earnings row

c$.$

Nonprofits include taxes paid in their balance sheets

d$.$

Nonprofits never pay dividends