Which of the Following Is True? for Firms to Be

question 82

Multiple Choice

Which of the following is true? For firms to be entrepreneurial, they require a culture with:

• A) an emphasis on individualism in Western nations and an emphasis on collectivism in Eastern nations.
• B) an exceptionally high level of collectivism.
• C) a balance of individualism and collectivism.
• D) an exceptionally high level of individualism.

Understand the economic environments where businesses apply the BCG matrix for strategic planning.

Comprehend the concept and strategic implications of market growth strategies including market penetration, product development, market development, and diversification.

Identify the components and importance of evaluating marketing performance.

Recognize the strategic planning process and its phases in different organizational contexts.

---

Definitions:

Better-Educated

Referring to individuals who have received a higher level of formal education, often resulting in improved skills, knowledge, and job opportunities.

Human-Capital Theory

A theory that views individuals' skills and knowledge as valuable assets that can enhance their productivity and income.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Productivity

The measure of how efficiently production inputs, like labor and capital, are being used to produce a given level of output.