A Product Structure Prompts Managers to Be Responsive to Changing

question 83

True/False

A product structure prompts managers to be responsive to changing market demands and customer tastes.

---

Definitions:

Values

Core beliefs or standards that guide behavior and decision-making, both at an individual and organizational level.

Utilitarianism

This is an ethical theory that posits the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Schwartz's Values Model

Is a theory that identifies universal values that influence people's behavior and categorizes them into a system that explains human motivation.

Universalism

The ethical perspective that certain standards, values, or truths are applicable to all people, regardless of culture or individual differences.