The ultimate hallmark of success for a business is _____.
A) maximum profits
B) maximum sales
C) long-term survival
D) short-term sales
E) monopoly

Question

Quizplus · Accepted Answer

Long-term survival is the ultimate hallmark of success for a business because it indicates that the company is not only profitable and successful in the short-term, but also has the ability to sustain this success over the long-term. Without long-term survival, a business cannot continue to generate profits or provide value to its customers and stakeholders. Maximizing profits or sales in the short-term may be beneficial, but without a focus on long-term survival, these gains may be unsustainable and ultimately lead to the downfall of the business. Similarly, achieving a monopoly may lead to short-term success, but may also result in negative consequences for the market and society as a whole.

The Ultimate Hallmark of Success for a Business Is _____