Great Deal, Inc

question 24

Multiple Choice

Great Deal, Inc., is a highly profitable clothing store chain. Dom, the CEO, has decided it is time for the company to increase its competitive advantage. Dom is not worried about stability and wants to make sure he is able to be knowledgeable about all aspects of the company. Which of the following should Dom do?

• A)purchase an appliance manufacturer and a magazine publisher
• B)partner with a shoe manufacturer in a different market
• C)add a department to Great Deal's stores that sells appliances
• D)buy a fabric supplier and a clothing manufacturer

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Definitions:

Adolescent Egocentrism

A characteristic of teenage thinking that leads to a focus on oneself and how one is perceived by others.

Imaginary Audience

A concept from adolescent psychology where an individual believes that their behavior or thoughts are the primary focus of others' attention.

Personal Fable

A concept in adolescent psychology that describes a belief in one's uniqueness and invulnerability, often leading to risk-taking behavior.

Personal Identity

Encompasses the traits, characteristics, values, and beliefs that make an individual distinct from others, including aspects of self-awareness and personal continuity over time.