Although there was a financial crisis in 2007-2010, some firms were able to weat

Question

Although there was a financial crisis in 2007-2010, some firms were able to weather the crisis. These firms had all of the following characteristics which were directly responsible for their ability to survive the crisis EXCEPT:

Low business risk

A business model which encouraged risk taking by management that paid off

Tight control over fixed and variable costs

Low product pricing

Low business risk

A business model which encouraged risk taking by management that paid off

Tight control over fixed and variable costs

Low product pricing

Explanation / Answer

Correct answer is option B.A business model which encouraged risk taking by management that paid off

Even though some firms were able to weather the crisis,those firm had missed a business model which encouraged risk taking by management that could paid off

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