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:

	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

Answer 1

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