Apple Computer's "Smart Team" Is an Example of a Firm

question 67

Multiple Choice

Apple Computer's "smart team" is an example of a firm that succeeded by:

• A)encouraging each manager to focus on a well defined area of the business and build his own specialized department.
• B)bringing together a group of talented and experienced managers to conceive,develop,and market products.
• C)emphasizing a low price and low cost strategy right from the beginning.
• D)assembling a group of employees whose inexperience was a plus,because they did not come with the baggage and institutional ideas of larger companies.

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Definitions:

Continental Rifting

The process by which continental lithosphere stretches and breaks apart, leading to the formation of new ocean basins.

Transform Faulting

A type of strike-slip fault where two tectonic plates slide past each other horizontally, typically found at mid-ocean ridges.

Mid-Ocean Ridge

An underwater mountain range, formed by plate tectonics, where new oceanic crust is created through volcanic activity.

Seafloor Spreading

A geologic process where new oceanic crust is formed at mid-ocean ridges and slowly moves away from the ridge, contributing to continental drift.