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unit3
influences on business when making decisions
Long termism
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Cards (3)
definition of long termism ?
Focuses
on achieving
sustained
growth and
success
over an
extended
period
Advantages of long termism?
Can
lead
to sustained
growth
and a
strong
market
position
Helps
build
brand
loyalty
and employee
satisfaction
Disadvantages of long termism?
May involve
significant
upfront
costs
with
delayed
returns
Can be
challenging
to maintain , especially in a
market
that
demands
quick
results