RandomGoodies, a Departmental Store, Wants to Reach the Lower-Income Segment

question 3

Multiple Choice

RandomGoodies, a departmental store, wants to reach the lower-income segment of the market as it knows that most people in developing economies are unable to afford highly priced goods. To accomplish efficiency-enhancing innovation, the store limits the number of products in the store. It also sources its products from low-cost suppliers. Which of the following statements is true in this scenario?

• A) The potential for generating profits is uncertain.
• B) Decisions are based on short-term metrics.
• C) Resources are made cheaper.
• D) New jobs can be easily created.

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Definitions:

Subculture Dominated Organization

An organization where the dominant culture is overshadowed by stronger subcultures within its structure.

Multicultural Organization

An organization that not only contains diverse cultural groups but also values and leverages this diversity to achieve organizational goals.

Common Assumptions

Widely held beliefs or premises that are often taken for granted without verification in analysis or argumentation.

Shared Values

Fundamental beliefs or principles that are collectively regarded as important by members of a group, organization, or society, guiding behaviors and decisions.