Copying Another Firm's Management Practices Is an Example of Which

question 178

Multiple Choice

Copying another firm's management practices is an example of which strategic response?

• A)Vertical integration
• B)Establishment of legitimacy
• C)Strategic alliance
• D)Merger
• E)Acquisition

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Definitions:

Future Years

Subsequent periods of time that have not yet occurred, often considered in planning, forecasting, or speculation.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.

Steam Engine

A heat engine that performs mechanical work using steam as its working fluid, symbolizing the beginning of the industrial revolution.

Labor Force

The total number of people who are employed or actively seeking employment within an economy.