Which One of the Following Statements About Capacity Expansion Is

question 113

Multiple Choice

Which one of the following statements about capacity expansion is best?

• A) The follow- the- leader strategy can help a firm gain a competitive advantage.
• B) The expansionist strategy minimizes risk.
• C) The wait- and- see strategy involves small jumps in capacity compared to the expansionist strategy.
• D) The expansionist strategy involves frequent jumps in capacity compared to the wait- and- see strategy.

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Definitions:

Specificity

The quality of being clearly defined or specific, often used to describe the precise nature of something such as an instruction, task, or condition.

Stereotype

A fixed, over-generalized belief about a particular group or class of people, often leading to prejudgment.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, usually negative.

Self-Fulfilling Prophecy

An anticipation that, either directly or indirectly, ensures its own occurrence by fostering a loop between conduct and conviction.