Which Strategy Is Appropriate When an Organization Competes in an Industry

question 8

Multiple Choice

Which strategy is appropriate when an organization competes in an industry characterized by rapid technological developments?

• A) Retrenchment
• B) Product development
• C) Backward integration
• D) Liquidation
• E) Market penetration

Grasp the economic arguments for and against restricting free trade.

Identify the effects of import restrictions on domestic markets and economies.

Recognize the effects of tariffs and how they impact both domestic consumers and producers.

Understand the concepts of dumping and its implications.

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Definitions:

Servant Leader

A leadership philosophy that focuses on serving others first, prioritizing the well-being and development of team members.

Group Members

Individuals who belong to a specified collective or team, contributing to its goals, activities, and dynamics.

Achieve Goals

The process of identifying desired outcomes and taking steps to accomplish them.

360-degree Surveys

An assessment tool that collects feedback on an individual's performance from a variety of sources, including peers, subordinates, supervisors, and sometimes clients.