When considering competitors' service standards,companies normally want to match or exceed the competitors' service level while simultaneously maximizing ________.

Question

Quizplus · Accepted Answer

The ultimate goal of any business is to maximize profit, and delivering good service that matches or exceeds competitors' standards is one of the key factors in achieving this goal. Maximizing revenue or sales are also important, but these are not the primary considerations in this context. Similarly, minimizing costs is also important, but not as important as maximizing profit. Therefore, the best choice is A) profit.

When Considering Competitors' Service Standards,companies Normally Want to Match or Exceed