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Managers Do Not Face the Risk of Their Product Becoming

question 160

True/False

Managers do not face the risk of their product becoming obsolete as long as they hold their product in inventory.


Definitions:

External, Situational

Factors or circumstances in the environment that are outside of an individual's control but can affect their behavior or decisions.

Geert Hofstede

is a social psychologist known for his research on cross-cultural groups and organizations, especially for developing cultural dimensions theory.

National Cultures

The shared customs, traditions, behaviors, and beliefs characteristic of a particular country or group of people.

Structured VS. Unstructured

A comparison between organized, clearly defined methods and those that are more flexible, lacking specific procedures or rules.

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