Although there was a financial crisis in 2007-2010, some firms were able to weather the crisis. These firms had all of the following characteristics that were directly responsible for their ability to survive the crisis EXCEPT ____.
A) tight control over fixed and variable costs
B) low business risk
C) a business model that encouraged risk taking by management that paid off
D) selling products that appealed to cost-conscious consumers
Correct Answer:
Verified
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