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Question
The decisions many managers make in today's business world typically involve ________.
A) little risk, complete information, and long decision timelines
B) some risk, nearly complete information, and moderate timelines
C) no risk, certainty of the outcomes, and time pressure
D) risk, incomplete information, and time pressure
Answer
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Related questions
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Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely. Each of these is pursuing a ________.
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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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A retrenchment strategy is a short-run renewal strategy that helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.
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________ should be sold off or liquidated as they have low market share and low growth potential.
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D) Dogs
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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
B) question mark
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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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When an organization is analyzing its labor supply, it is studying its ________.
A) regulatory environment
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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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B) clicks-and-bricks
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How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
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Q:
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A) Strategic leadership
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