The Firm Patrick Started Nearly a Decade Ago Is Commonly

question 55

Multiple Choice

The firm Patrick started nearly a decade ago is commonly referred to as a market leader.Upon reflecting on the leadership status of his company, Patrick considered the qualities that could eventually bring a firm to a leading position in the marketplace.Which of the following is likely NOT a reason in Patrick's mind for a company being classified as a "leader"?

• A) Sometimes a company is said to be the leader because it has the largest market share.
• B) Sometimes a company is said to be a leader because it was first to market.
• C) Sometimes a company is said to be a leader because it is a consistent and profitable follower.
• D) Sometimes a company is known for being innovative or quick to improve some other company's ideas.

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Definitions:

Organizational Settings

The physical and social environment in which organizational activities occur, including structures, culture, and processes.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Alone

The state of being by oneself, not accompanied by or in conjunction with others.

Post-Decisional Justification

The cognitive process of justifying one's choices after a decision has been made, often to reduce dissonance.