Apple's Legendary Smart Team Is an Example of a Company

question 251

Multiple Choice

Apple's legendary smart team is an example of a company 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:

Management

The process of dealing with or controlling things or people, often within the context of businesses and organizations to achieve organizational goals.

Bargaining Position

The relative power of a party in negotiations, determined by their ability to influence the terms and outcome.

Customer

The recipient of a good, service, product, or idea, obtained from a seller, vendor, or supplier for a monetary or other valuable consideration.

Sale Price

The final amount at which a product or service is sold to consumers, often after discounts or adjustments.