The Owner of a Store Retailing Fine Quality Fabrics for Home-Sewers

question 111

Multiple Choice

The owner of a store retailing fine quality fabrics for home-sewers bewails the fact that few young women know how to do fine tailoring, much less simple dressmaking. Many potential customers are unable to appreciate the premium quality of the fabrics available and are deterred by the high prices, as well as the complexity of fine sewing. In the past, the store had a strong demand for fabrics, large classes for women learning the fine points of sewing, and a reputation for excellent service and technical advice. Now the store is earning lower-than-average returns. This case is an example of

• A) the hazard of competitors being able to imitate a firm's core competency.
• B) the need for firms to stick to their core competencies through temporary downturns in market demand.
• C) the lack of intangible resources undermining the core competencies of the firm.
• D) core competencies that have become core rigidities.

Recognize the characteristics of effective feedback.

Comprehend how coaches can meet both human and business needs.

Differentiate between various supportive behaviors in coaching for career advancement.

Identify the importance of timely and constructive feedback.

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Definitions:

Completeness Check

A verification step to ensure that all necessary information or components are present and accounted for, often used in data processing or submission processes.

Decision-making Processes

Methods or protocols followed by individuals or organizations to arrive at conclusions or make choices from available options.

Human Experts

Individuals who possess extensive knowledge or skills in a particular area, often gained through years of experience or study.

Business Intelligence

The use of data analysis tools and applications to help executives and managers make informed business decisions by analyzing available business data.