Why is it disadvantageous for a company to carry on business as usual for too long?
A) The company will appear irresponsible to its long-term customers.
B) The company will end up engaging in unfair trade practices.
C) The company will fail to develop business systems that allow for continuous improvement.
D) The company will start to produce lower quality products and experience a reduction in its market share.

Question

Why is it disadvantageous for a company to carry on business as usual for too long?
A) The company will appear irresponsible to its long-term customers.
B) The company will end up engaging in unfair trade practices.
C) The company will fail to develop business systems that allow for continuous improvement.
D) The company will start to produce lower quality products and experience a reduction in its market share.

Quizplus · Accepted Answer

Corporations should recognize that business strategies need to reflect changing environments. Hence, emphasis must be placed on developing business systems that allow for continuous improvement.

Why Is It Disadvantageous for a Company to Carry on Business