Question

Which reason for a company to raise its prices? 1. to address the issue of overdemand for a product 2. to win a larger share of the market 3. to use excess capacity 4. to boost sales volume 5. to balance out decreasing costs

Answer 1

In business, your strategic perspective determines how your company views and solves important issues. Putting the word "strategic" before the word "perspective" indicates a tactical, carefully formulated approach. Say your business discusses withdrawing from a certain market