Behavioural Questions Describe

question 72

Multiple Choice

Behavioural questions describe

• A)hypothetical situations.
• B)various situations experienced in the past.
• C)future behaviour.
• D)candidate personality
• E)preset candidate reactions.

Differentiate between types of innovation (product, process, organizational, people, exploitative, exploratory).

Identify factors that foster or inhibit creativity and innovation in organizations.

Recognize the impact of decision-making biases and their role in the innovation process.

Understand the concept of organizational cultural lag and its implications for innovation.

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Definitions:

Cost-plus Pricing

A pricing strategy where a fixed percentage is added to the total cost of producing a product or service to determine its selling price.

Experience-curve Pricing

A pricing strategy that relies on reducing costs and setting prices based on gained efficiencies and experience over time.

Experience-curve Pricing

A pricing strategy that leverages reduced costs obtained through increased production experience to set lower prices aimed at gaining market share.

Penetration Pricing

A pricing strategy where a product is introduced to the market with an initial low price to attract customers and gain market share quickly.