Which Strategy Is Appropriate When an Organization Competes in an Industry

question 8

Multiple Choice

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

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

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Definitions:

Deviations

Instances of divergence from a standard, norm, or expectation, which can occur in various contexts such as behavior, performance, or statistical analysis.

Project Participants

Individuals or groups who have a stake in the execution and outcome of a project, including but not limited to team members, stakeholders, and sponsors.

Stakeholders

Individuals or groups that have an interest in any decision or activity of an organization.

Contribute

To give or supply in common with others, adding to a greater whole.