Organizations Following A(n) ________ Strategy Try to Both Minimize Risk

question 48

Multiple Choice

Organizations following a(n) ________ strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability.

• A) innovation
• B) cost-cutting
• C) imitation
• D) organic
• E) mechanistic

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Definitions:

Material Specifications

Detailed descriptions of the properties, standards, and characteristics that materials must meet for their intended use in manufacturing or construction.

Quantity Shipped

The total amount of goods that have been sent to customers or distribution points within a specified period.

Origin of the Shipment

Refers to the initial location or country from which a shipment of goods starts its journey to the buyer.

Nonferrous Metal

Metals that do not contain a significant amount of iron. This category includes aluminum, copper, lead, nickel, tin, titanium, and zinc among others.