Which of the following is true of businesses with a strong customer focus?

A) A customer-focused business lacks a long-term perspective.
B) A customer-focused business realizes higher profits over the short-term.
C) In a customer-focused business, shareholders are more interested in long-run survival than immediate earnings.
D) In a customer-focused business, managers are usually judged on the last quarter's results, and not not on their efforts to ensure the long-run survival of the business.
E) A customer-focused business is in synch with customers' needs and requirements, not with competitors' strategies.

B

Business

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A) omnibus clause in his automobile insurance B) collision clause in his automobile insurance C) deductibility clause in his automobile insurance D) double indemnity clause in his automobile insurance

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Changing a strategy to fit an existing culture

A) is usually less effective than changing a firm's culture to fit a new strategy. B) is usually more effective than changing a firm's culture to fit a new strategy. C) is just as effective as changing a firm's culture to fit a new strategy. D) is always the best option. E) none of the above

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