Which Strategy Is Appropriate When an Organization Competes in an Industry

question 88

Multiple Choice

Which strategy is appropriate when an organization competes in an industry characterized by rapid technological developments?

• A)Product development
• B)Liquidation
• C)Market penetration
• D)Backward integration
• E)Retrenchment

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Definitions:

Social Zone

A spatial concept in social psychology referring to the comfortable distance for interactions among acquaintances or in professional settings.

Coworkers

Coworkers are individuals who work together in the same organization or on the same team, often sharing tasks, goals, and workplace challenges.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety or to cope with reality.

Unconsciously Attribute

The process of automatically assigning a quality or characteristic to someone or something without being aware of doing so.