Readmore Publishing House, the Publisher of a Regional Daily, Has

question 32

Multiple Choice

Readmore Publishing House, the publisher of a regional daily, has been slowly losing profits as its readers prefer to get news through the television. A recent study on the readers who made the switch stated that it is more accessible and faster to attain up-to-date news through the television rather than to wait for the next day for an update on current events. Which of the following is Readmore Publishing House is facing?

• A)Producer power
• B)Network effect
• C)Substitute
• D)New entrant

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Definitions:

Organization Development

A set of techniques or tools used to implement organizational change.

Leadership Pyramid

A conceptual model illustrating the various levels of leadership within an organization, from front-line supervisors to top executives.

Empirically Tested

Subjected to systematic and objective validation or verification through observation or experiment.

Complacency

A state of self-satisfaction, often accompanied by unawareness of actual dangers or deficiencies.