Although McDonald's Is Competing in an Unattractive Industry,it Has Improved

question 96

Multiple Choice

Although McDonald's is competing in an unattractive industry,it has improved its performance by focusing on product innovations and by enhancing existing facilities. This improved performance is best explained by

• A)globalization.
• B)the resource-based model.
• C)the I/O model.
• D)hypercompetition.

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Definitions:

Self-assured

Having confidence in one's own abilities or character; self-confident.

Identity Crisis

A period of uncertainty and confusion in which a person's sense of identity becomes unsure; often seen in adolescence.

Puberty

The phase of human development during which a child's body matures into an adult body capable of sexual reproduction.

Concrete Operational Stage

In Piaget’s theory, the stage of cognitive development (from about 6 or 7 to 11 years of age) during which children gain the mental operations that enable them to think logically about concrete events.