Learning Path
Question & Answer
Choose the Best Answer
By prioritizing profits over ethical considerations
By developing sustainable practices that benefit both the business and society
By increasing market share through aggressive advertising alone
By ignoring stakeholder opinions
Understanding the Answer
Let's break down why this is correct
Sustainable practices are actions that help the planet and society while still making money. Other options are incorrect because The belief that putting profits first automatically wins the market is a misconception; Advertising can boost sales quickly, but it does not create lasting trust if the products or promises are unfair or harmful.
Key Concepts
Strategic Decision-Making
medium level question
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Deep Dive: Strategic Decision-Making
Master the fundamentals
Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
Topic Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
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