Which of the Following Is Not a Characteristic of Firms

question 9

Multiple Choice

Which of the following is not a characteristic of firms following the strategy of cost leadership?

• A)Exploit economies of scale.
• B)Institute tight cost controls.
• C)Adopt organization-wide policies of cost minimization.
• D)Focus on innovation more than cost control.
• E)All of the above are characteristics of firms following the strategy of cost leadership.

Understand the principles behind bureaucratic organizations and their potential advantages and disadvantages.

Identify the parallels between historical management concepts and modern management practices.

Understand the role of behavioral approaches in management.

Recognize the impact of the Hawthorne studies on management theories.

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Definitions:

Receiver

The individual or entity that receives a message or information, playing a critical role in the communication process.

Feedback

A process in which information about the past or the present influences the same phenomenon in the present or future.

React

To respond or act in response to a stimulus or situation.

Electronic Privacy

The right to or expectation of privacy concerning the storing, repurposing, provision to third parties, and displaying of information pertaining to oneself via electronic means.