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Question
During the great recession, average household discretionary income declined. Families sought less expensive alternatives for luxury items. Producers adjusted by offering lighter-weight, lower-cost items. These producers changed their ________.
A) strategies
B) structures
C) people
D) technology
Answer
This answer is hidden. It contains 54 characters.
Related questions
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Kiva Systems, manufacturer of robots used in flexible automation systems, demonstrates the power of ________ by "teaching" its robots to dispose of used cardboard and to assist in gift wrapping for e-commerce warehouse fulfillment.
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________ should be sold off or liquidated as they have low market share and low growth potential.
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As smartphone cameras improved, consumers turned away from traditional cameras. Polaroid lost market share and finally realized their product was no longer desired. At that point, Polaroid would be considered a ________ in the BCG matrix.
A) question mark
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When Stratasys began making 3D printers in 1988, the future of this new invention was unknown but expected to grow. Stratasys was one of a handful of producers of these printers. According to the BCG matrix, Stratasys was a ________.
A) cash cow
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In the BCG matrix, a ________ enjoys a high anticipated growth rate and a high market share.
A) question mark
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Joe's Hardware bought Moe's hardware on the other side of town. This is an example of ________.
A) backward integration
B) forward integration
C) lateral integration
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In a short essay, describe how managers can effectively plan when the external environment is continually changing.
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Qualitative data includes information about the number and cost of warranty work.
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Business intelligence is the same thing as competitor intelligence
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Environmental scanning involves monitoring the firm's pollution emissions.
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The ________ Act makes it a crime in the United States to engage in theft of a trade secret.
A) Sarbanes-Oxley
B) Patriot
C) Economic Espionage
D) Industrial Espionage
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A) threat until the patent expires
B) opportunity during the time of the patent protection
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Q:
When an organization is analyzing its labor supply, it is studying its ________.
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In a short essay, explain strategic management and why it is important.
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Strategic management helps coordinate the efforts of all department and functional areas of an organization.
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A strategy defines how a company is going to make money.
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Strategic management involves only the planning function.
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What is a strategic disadvantage of being a first mover?
A) least opportunity to build customer loyalty
B) risk of competitors imitating innovations
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Q:
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B) clicks-and-bricks
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Q:
An Internet-based knowledge management system that shortens customer response times would be an e-business technique that contributes to the competitive advantage of a ________.
A) cost leader
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Q:
How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
C) It should depend on tried and tested perspectives from senior employees.
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Q:
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A) Strategic leadership
B) Strategic management
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D) Strategic flexibility