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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
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:
a. | Low business risk | |
b. | A business model which encouraged risk taking by management that paid off | |
c. | Tight control over fixed and variable costs | |
d. | Low product pricing |
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