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A strategist's attitude toward social responsibility can significantly shape a firm's overall strategy by prioritizing ethical practices and sustainability in decision-making. If the strategist views social responsibility as integral to the company's mission, it may lead to investments in environmentally friendly technologies or community engagement initiatives. This approach can enhance brand reputation, foster customer loyalty, and attract socially conscious investors. Conversely, a lack of emphasis on social responsibility might result in short-term gains but could jeopardize long-term sustainability and stakeholder trust.

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17h ago

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Which analysis limit the feasible strategic alternatives?

Compute the Sum Total Attractiveness Score. Add Total Attractiveness Scores in each strategy column of the QSPM. The Sum Total Attractiveness Scores reveal which strategy is most attractive in each set of alternatives. Higher scores indicate more attractive strategies, considering all the relevant external and internal factors that could affect the strategic decisions. The magnitude of the difference between the Sum Total Attractiveness Scores in a given set of strategic alternatives indicates the relative desirability of one strategy over another.


How does the price elasticity of demand coefficient affect the pricing strategy for a good?

The price elasticity of demand coefficient measures how sensitive consumers are to price changes. A higher coefficient means demand is more sensitive to price changes, so a small price increase could lead to a significant drop in demand. This affects pricing strategy by influencing how much a company can increase prices without losing customers. A higher elasticity typically requires a more cautious approach to pricing, as raising prices too much could result in a large decrease in sales.


Why is the environment important to business?

The environment is important to business because on a daily basis we interact and live in an around it and what ever decisions we make will affect us within the environment whether it is positive or negative.


How does the marketing affect the economy?

how does affect the all economy


How does copper affect the economy?

it does affect becuaase we are weasting money