Question

Financial organizations are typically more successful, have improvement in sales, profitability, and productivity. Non-financial organizations have enhanced awareness of external threats, improved understanding of competitor strategies, increased employee productivity, and reduced resistance to change. Which of the following statements is true?

1) Financial organizations are more successful than non-financial organizations.
2) Non-financial organizations have improved sales, profitability, and productivity.
3) Financial organizations have enhanced awareness of external threats and improved understanding of competitor strategies.
4) Non-financial organizations have reduced resistance to change.

Answer 1

Financial organizations are typically more successful in terms of sales, profitability, and productivity compared to non-financial organizations. They also have enhanced awareness of external threats and improved understanding of competitor strategies.

Step-by-step explanation:

Financial organizations are typically more successful in terms of sales, profitability, and productivity compared to non-financial organizations. They are more likely to attract financial capital easily, have a larger size, and can easily attract top talent to their organization. Additionally, financial organizations have enhanced awareness of external threats and improved understanding of competitor strategies.