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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Еxplore!
1. In business, what does the picture suggest?
2. Is business similar to playing chess? Why? Why not?
3. Do you think you could only win the game by chances?
4. Is a strategic plan important in order for the products/services to
succeed in the market place? Why?
5. In your opinion, how do you create a win-win situation despite of massive
competition?"
Transcribed Image Text:Source: www.Pinterest.com
Еxplore!
1. In business, what does the picture suggest?
2. Is business similar to playing chess? Why? Why not?
3. Do you think you could only win the game by chances?
4. Is a strategic plan important in order for the products/services to
succeed in the market place? Why?
5. In your opinion, how do you create a win-win situation despite of massive
competition?
Expert Solution
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- How do you analyze how companies in a monopolistically competitive market position themselves to be successful?arrow_forwardGive typing answer with explanation and conclusion Beyond the miners , their families , investors and the Peruvian government , are there other stakeholders that you must consider in the decision - making process ? Why ? What are the ethical implications ?arrow_forwardIt is! With ethical questions in business, you can weigh different factors and consider: How the decision might affect the common good of society at large and the greatest moral virtues: prudence, temperance, courage, and justice. How the decision might affect our stakeholders and profitability; whether the decision is consistent with our company's values; and how the public would react if they found out about our decision.arrow_forward
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