Once a Good or Service Nears the End of Its

question 38

Multiple Choice

Once a good or service nears the end of its product life cycle, the firm recognizes that

• A) it is impossible to revert to an earlier stage of the model.
• B) it can return to an earlier stage through creative marketing.
• C) it will enjoy relatively high profits.
• D) marketing dollars spent now will provide little benefit.

Distinguish between different organizational designs: network, multidivisional, geographical, and product designs.

Assess the impact of organizational design on decision making, information flow, and response to environmental changes.

Identify the factors determining the best organizational design, including environmental, strategic, and technological considerations.

Evaluate the role of strategic choices in shaping organizational design and performance.

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Definitions:

Material Benefits

Tangible resources or goods that an individual gains, which can enhance their reproductive success or survival.

Kin-selection Theory

A theory in evolutionary biology suggesting that individuals can pass on their genes by helping relatives to reproduce, not just through their own offspring.

Material Benefits

Tangible rewards or advantages, such as food or shelter, obtained through specific behaviors or interactions.

Good Genes Model

A hypothesis in sexual selection suggesting that individuals choose mates on the basis of traits that indicate genetic quality, leading to enhanced survival or reproductive success in offspring.