A corporation choosing to follow a stability strategy would probably want a person with a conservative style, a production or en
gineering background, and experience with controlling budgets, capital expenditures, inventories, and standardization procedures as a(n) ________. A. professional liquidator
B. cautious profit planner*
C. turnaround specialist
D. dynamic industry expert
E. analytical portfolio manager
Explanation: In simple words, a cautious profit planner refers to an individual, generally working as a manager of an organisation, that operates the business activities in such a way that too much risk will not get involved
These managers focuses on getting organisation continuous profits over time at an appropriate level. They usually deals in such way that profit would be small but consistent leading to stability and future growth aspects.
Generally, mature firms of the industry employs such managers on their operations to Maintain the current level of activity over a long period of time.
1) Companies are price takers. <u>It is not a characteristic of monopolistic competition.
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Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power, to be able to decide when setting their prices and not be price takers.
