Steve Jobs Recognized That Consumers Wanted a Smaller Mp3 Player

question 2

Multiple Choice

Steve Jobs recognized that consumers wanted a smaller mp3 player than they could buy at the time, so Apple developed the iPod. This demonstrates Teece's

• A)Theory X.
• B)Theory Y.
• C)theory of dynamic capabilities.
• D)management science theory.
• E)contingency theory.

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Definitions:

Stringent Quality

The application of highly rigorous and tight quality control standards and measures to ensure products or services meet exact specifications and customer expectations.

Small Quantity

Refers to a lower volume or number of items, often used in the context of purchasing or production, where the focus is on limited or specialized orders.

In-House

Refers to activities performed within an organization by its own staff and resources, rather than being outsourced.

Technical Expertise

Involves specialized knowledge or skills in a specific field or technology, allowing for enhanced performance and problem-solving.